Godfrey Phillips India has received an order regarding Goods and Services Tax (GST). The order, received on January 6, 2026, includes a demand for GST with interest and a penalty of ₹24,71,772. The company is currently evaluating its options, including filing an appeal against the order. The company believes that this order has no material impact on its financials or operations.
GST Order Details
Godfrey Phillips India has received an order from the Office of the Asst. Commissioner/GSTO, Delhi pertaining to Goods and Services Tax (GST). The order was officially received on January 6, 2026.
Financial Implications
The GST order includes a demand for GST payment, along with applicable interest, and imposes a penalty of ₹24,71,772. This is according to the Central Goods and Services Tax Act, 2017 and the Delhi Goods and Services Tax Act, 2017 read with the Integrated Goods and Services Tax Act, 2017.
Company Response
The company is currently assessing all available options, including the possibility of filing an appeal against the issued order. However, Godfrey Phillips India maintains that this order will not have a material impact on the company’s financial standing or its ongoing operations. The alleged violation relates to irregular availment and utilization of Input Tax Credit (ITC) under the GST laws.
Source: BSE
