Bayer CropScience Ltd Ordered to Pay Penalty Over GST Issues Related to Outward Supply and Input Tax Credit
Bayer CropScience Ltd has received an order imposing a penalty from the Office of the Pr.Commissioner of Central Tax, Ranga Reddy GST Commissionerate, Madhapur, Hyderabad, Telangana. The fine relates to matters concerning outward supply and Input Tax credit availed during specific financial years.The company received the order on July 15, 2026. This penalty pertains to actions taken regarding outward supplies and Input Tax credits for the Financial Years spanning from 2020-21 to 2022-23.
According to details provided, the imposed penalty amounts to Rs 22 Million for the specified three financial years. The company has noted that the order is currently appealable and stated it will make an assessment regarding its right to pursue an appeal.
Key details of the action are summarized below:
| Aspect | Details |
|---|---|
| Penalty Amount | Rs 22 Million |
| Financial Years Involved | 2020-21 to 2022-23 |
| Basis of Violation | Outward supply and Input Tax credit availed |
| Date of Order Receipt | July 15, 2026 |
BAYERCROP Stock Price Movement
Today, Bayer Cropscience Limited shares edged higher to close at ₹4111.20 after rising 1.01% in the market session. The stock traded within a range of ₹4090.1 and ₹4126.8, with total traded volume standing at 13,438 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.