Zydus Lifesciences Limited Receives Demand Order for Tax Period 2019-20 to 2023-24
Zydus Lifesciences Limited announced today, April 1, 2026, that it has received a Demand Order-In-Original from the Assistant Commissioner, Central Goods and Services Tax, Division-Ambala. The order pertains to an alleged reversal of inadmissible Input Tax Credit for the tax period spanning financial years 2019-20 to 2023-24.The total demand, including interest and penalty, amounts to Rs. 14.20 million. The company stated that it firmly believes it has strong merits regarding the matter and intends to appeal the order.
According to the company, the Demand Order was received at 11:41 a.m. on March 31, 2026. Zydus Lifesciences anticipates a favorable outcome on appeal and has stated there is no material financial impact on the company as a result of the order.
| Particulars | Details |
|---|---|
| Nature and details of the action(s) taken, initiated or order(s) passed | Order passed under section 74 of CGST/HGST Act, 2017 for demand, including interest and penalty of Rs. 14.20 million pertaining to financial years 2019-20 to 2023-24. |
| Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the authority | March 31, 2026 |
| Details of the violation(s) / contravention(s) committed or alleged to be committed | The Order is passed on the issue pertaining to alleged reversal of inadmissible Input Tax Credit for the financial years 2019-20 to 2023-24. |
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