Sanofi India Secures GST Refund of Rs 1,32,93,535 After Authority Order
Sanofi India Limited has received a significant order from the Deputy Commissioner, Central Goods & Service Tax, Division - IV, Margao-Goa. The company was granted a refund totaling Rs 1,32,93,535, following an application related to GST refunds.The decision addresses the initial concern that the refunded amount might be adjusted against an outstanding demand of Rs 75,63,190. According to the details provided by Sanofi India Limited, the proposed adjustment of the outstanding demand has been dropped, allowing the full refund amount to be sanctioned. The order was received by the Company on August 12, 2026.
Key financial and operational details regarding this action are summarized below:
| Parameter | Details |
|---|---|
| Authority Name | Deputy Commissioner, Central Goods & Service Tax, Division - IV, Margao-Goa |
| Refund Amount Sanctioned | Rs 1,32,93,535 |
| Outstanding Demand (Prior Adjustment) | Rs 75,63,190 |
| Status of Demand Adjustment | Dropped |
| Date of Order Receipt | August 12, 2026 |
The order confirms that the refund was granted without adjusting it against the specified outstanding demand. The company noted that there is no material impact on its financial, operational or other activities.
SANOFI Stock Price Movement
Today, Sanofi India Limited shares edged higher to close at ₹3249.70 after gaining 0.19%. The stock saw a total traded volume of 3,163 shares during post-market trading.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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