Dr. Reddy’s Laboratories has received five GST penalty orders for the period FY 2018-19 to FY 2022-23, totaling ₹6.38 Crore. The orders, issued by the Joint Commissioner of Central Tax, pertain to tax demand, interest, and penalties related to excess input tax credit. The company is evaluating filing an appeal, but anticipates no material impact on financials or operations.
GST Penalty Orders
Dr. Reddy’s Laboratories has received five separate orders from the GST Authority regarding tax demand, interest, and levying penalty for the period covering FY 2018-19 to FY 2022-23. These orders were issued by the Joint Commissioner, Office of Principal Commissioner of Central Tax, Visakhapatnam.
Details of Penalties
The orders relate to the company availing excess input tax credit. The specific penalty amounts for each financial year are as follows:
- FY 2018-19: ₹1,89,30,110
- FY 2019-20: ₹80,41,186
- FY 2020-21: ₹3,52,95,063
- FY 2021-22: ₹1,45,04,023
- FY 2022-23: ₹70,86,675
Company Response
The orders, dated December 31, 2025, were received by the Company on the same day. The company will evaluate filing an appeal with the appropriate authority. Based on their evaluation, Dr. Reddy’s anticipates no material impact on its financials, operations, or other activities.
Source: BSE
