Zydus Lifesciences Limited has received a demand order from the Assistant Commissioner of State Tax, Gujarat, pertaining to the financial year 2018-19. The order relates to the issue of inadmissible availment of Input Tax Credit as per CGST Act, 2017. The demand, including interest and penalty, amounts to Rs.2.8Cr. The company intends to appeal against the order.
Details of the Demand Order
Zydus Lifesciences Limited has been issued a demand Order-In-Original by the Assistant Commissioner of State Tax, Gujarat. The order was received on December 29, 2025, at 19:28 p.m.
Financial Year and Issue
The demand order pertains to the financial year 2018-19. The core issue relates to the inadmissible availment of Input Tax Credit as per the Central Goods and Services Tax (CGST) Act, 2017.
Order Particulars and Amount
The order, passed under section 74 of CGST Act, 2017, includes a demand for Rs.2.8Cr. This amount covers both interest and penalty related to the identified issue for the financial year 2018-19.
Company’s Intended Action
Zydus Lifesciences intends to appeal against the order. The company anticipates a favorable outcome based on prior High Court and Supreme Court judgments concerning similar matters. Management believes there is no material financial impact on the company.
Source: BSE
