Sai Life Sciences has received an order from the Joint Commissioner of Commercial Taxes (Appeals), Kalaburagi, related to Goods and Services Tax. The order, dated December 6, 2025, includes a demand for IGST, cess, interest, and penalty, totaling INR 8,85,83,203. The company plans to appeal the order and anticipates no significant financial impact.
Details of the Order
Sai Life Sciences has received an order from the Joint Commissioner of Commercial Taxes (Appeals), Kalaburagi, on December 6, 2025. The order pertains to alleged excess availment of Input Tax Credit (ITC) and discrepancies between B2B supply data and records for the financial year 2020-21.
Financial Implications and Response
The order specifies the following amounts:
- IGST: INR 4,62,36,986
- Cess: INR 291,659
- Interest: INR 3,20,77,995
- Penalty: INR 92,76,563
The total amount demanded is INR 8,85,83,203. Sai Life Sciences intends to file an appeal against the order. Based on the company’s assessment, a favorable outcome is expected at the Tribunal level, and the order is not anticipated to have a material financial impact on the company.
Source: BSE