Tax & Penalty15 Jul 2026, 05:20 pm
Bayer CropScience Fined ₹22 Million for Tax Violations
AI Summary
Bayer CropScience Ltd has received an order from the Office of the Pr.Commissioner of Central Tax, Ranga Reddy GST Commissionerate, imposing a penalty of ₹22 Million. The penalty is related to outward supply and Input Tax Credit (ITC) availed for the financial years 2020-21 to 2022-23. The company is currently assessing its right to appeal the order.
Key Highlights
- Bayer CropScience fined ₹22 Million by GST authorities.
- Penalty relates to outward supply and Input Tax Credit issues.
- The period under review is FY 2020-21 to 2022-23.
- Company is evaluating options to appeal the order.
Price Impact
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