Sai Life Sciences received an order on November 12, 2025, from the Assistant Commissioner, Central Tax, Division-II (Pimpri), Pune-I Commissionerate, regarding Section 74 of the CGST Act, 2017. The order demands INR 70,15,687 in IGST, along with applicable interest and a penalty of the same amount. The company plans to file an application for rectification and anticipates a favorable outcome.
Details of the Order
The company received an order from the Assistant Commissioner, Central Tax, Division-II (Pimpri), Pune-I Commissionerate, concerning the Goods and Services Tax Act. The order, issued on November 12, 2025, demands payment related to IGST.
Financial Implications
The order specifies a demand of INR 70,15,687 related to IGST. Additionally, the order includes applicable interest charges and a penalty of INR 70,15,687.
Alleged Violation
The demand relates to alleged excess availment of Input Tax Credit (ITC) and a difference between B2B supply and the Sale/Purchase register updated on the government portal. This pertains to financial years 2018-19 to 2021-22.
Company’s Response
Sai Life Sciences plans to file an application for rectification of the order. The company is optimistic about a favorable resolution and currently anticipates that the order will not have a material financial impact.
Source: BSE
