Tax Demand Issued to Natco Pharma Limited Over RCM Reporting
Natco Pharma Limited has received an order from a regulatory authority regarding its audit conducted for the period spanning April 1, 2020, to December 17, 2024. The action relates to tax matters under the APGST and CGST Act, 2017.The order was passed on July 13, 2026, by the Assistant Commissioner (ST)(FAC), Tenali Circle, Tenali, Andhra Pradesh.
The core of the matter involves a violation where the company allegedly reported a lower amount under the Reverse Charge Mechanism (RCM) in GSTR 3B. As a result of this finding, a tax demand has been raised against Natco Pharma Limited.
Financial details of the demand include:
- Tax Demand: Rs. 21,34,729/-
- Interest Imposed: Rs 17,17,806/-
- Penalty Levied: Rs. 21,34,729/-
Natco Pharma Limited stated that the company is currently evaluating the matter and intends to take the appropriate course of action. The company also noted that there is no material impact of this matter on its financial or operational activities.
NATCOPHARM Stock Price Movement
As of 9:58 AM, shares of Natco Pharma Limited are slipping by 0.53% in live trading, currently priced at ₹974.80. The stock trades within an intraday range established between a low of ₹971.00 and a high of ₹983.50, with 62,377 shares transacted so far.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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