Tax & Penalty9 Oct 2026, 03:59 pm
Alivus Life Sciences Faces ₹51.22 Lakhs Tax Demand
AI Summary
Alivus Life Sciences Ltd has received an order from the Central Goods & Service Tax Department for FY 2020-21 and FY 2021-22. The order involves a demand of ₹25,61,400 (₹25.61 Lakhs) along with a penalty of ₹25,61,400 (₹25.61 Lakhs) and applicable interest. The total amount involved is ₹51,22,800 (₹51.23 Lakhs). The company stated that there is no material impact on its financial, operational, or other activities. Alivus Life Sciences is currently assessing its right to appeal the order.
Key Highlights
- Received GST order for FY21 & FY22.
- Total demand, penalty, and interest ₹51.23 Lakhs.
- No material financial or operational impact.
- Company is considering an appeal.
Price Impact
More from ALIVUS
More in Tax & Penalty