JB Chemicals & Pharmaceuticals Receives Order from Tamil Nadu Tax Authority
JB Chemicals & Pharmaceuticals Ltd. announced that it received an order from the State Tax Officer, Intelligence, Chennai, on March 18, 2026, at 7:23 pm. The order, issued under Section 74 of the Goods and Services Act, 2017, imposes a penalty of INR 80,81,126.The order alleges a reversal of tax liability related to differences between tax returns and company books for the period of April 2019 to March 2020.
According to a company assessment, an appeal will be filed, and JB Chemicals anticipates a favorable outcome at the appellate level. The company does not reasonably expect the order to have a material financial impact.
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