Sanofi India Receives Favorable Order as Tax Demand of INR 10,56,954 is Dropped
Sanofi India Limited has received a favorable order from the Superintendent, Range V, Division - VIII, CGST & C. Ex., Mumbai East Commissionerate, Maharashtra. The authority dropped a tax demand amounting to INR 10,56,954, along with applicable interest and penalty, relating to generation of duplicate e-way bills for Fiscal Year (FY) 2018-19.The order was received by the Company on June 9, 2026, following scrutiny proceedings initiated for FY 2018-19 in Maharashtra. These proceedings were aimed at verifying duplicate e-way bills and recovering tax, interest, and penalty related to short or less tax paid during that period.
The Commissionerate's decision accepted the submissions provided by Sanofi India Limited, leading to the cancellation of the tax demand. The key details regarding the action taken by the regulatory authority are as follows:
| Authority Name | Superintendent, Range V, Division - VIII, CGST & C. Ex., Mumbai East Commissionerate, Maharashtra |
|---|---|
| Nature of Action | Favourable order issued, dropping tax demand of INR 10,56,954 and associated interest and penalty. |
| Date of Order Receipt | June 9, 2026 |
| Violation Context | Scrutiny concerning duplicate e-way bills for FY 2018-19 in Maharashtra. |
The order signifies the conclusion of the scrutiny process regarding the tax recovery linked to the generation of duplicate e-way bills. Sanofi India Limited stated that there is no material impact on the financial, operational, or other activities of the Company resulting from this outcome.
SANOFI Stock Price Movement
Today, shares of Sanofi India Limited edged lower in the closed market, settling at ₹3151.8 after dropping 0.19%. This movement occurred amid trading activity totaling 14,000 shares today.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.
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