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.
Source:
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.