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Dr. Reddy’s Laboratories has received an order directing the company to pay more than ₹184 crore penalty under the CGST Act 2017. The authority has passed the order on the contention that the company has received excess refund and not paid Goods and Services Tax (GST) on settlement amount, the drugmaker said in a filing on the order received from the Additional Commissioner of Central Tax, Ranga Reddy GST Commissionerate, Hyderabad.
The January 28 order, which the company said it received on February 1, levies a penalty of ₹1,84,35,58,762. “Based on our evaluation, there is no material impact on the financials, operations or other activities of the company,” Dr. Reddy’s said.
It will evaluate filing necessary appeal with the appellate authority, it said without sharing details of the settlement amount.
Published – February 02, 2025 11:25 pm IST
