Dr. Reddy’s Laboratories Receives Tax Demands from GST Authority
Dr. Reddy’s Laboratories Limited announced it has received three orders from the Commercial Taxes Department, Office of the Joint Commissioner (ST), Chennai Intelligence-II, related to tax demands, including interest and penalties, for the period of fiscal years 2019-20 to 2021-22. The orders, dated March 16, 2026, were received on the same date.The authority issued the orders citing that certain supplies are taxable in nature. The total penalty levied is detailed below:
| Financial Year | Penalty (INR) |
|---|---|
| FY 2019-20 | 2,19,48,944 |
| FY 2020-21 | 50,406 |
| FY 2021-22 | 4,384 |
According to the company’s evaluation, the orders are not expected to have a material impact on its financial, operational, or other activities. Dr. Reddy’s Laboratories intends to evaluate filing an appeal with the appellate authority regarding these orders.
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