Tax & Penalty26 May 2026, 11:27 am
Pidilite: ₹15.19 Lakh Penalty Imposed Under GST Act for FY22
AI Summary
Pidilite Industries Ltd received an Order-in-Appeal dated May 25, 2026, imposing a penalty of ₹15,18,927 under the Central Goods and Services Tax Act for FY 2021-22. The company is reviewing the order and evaluating options for appeal. Pidilite does not anticipate a material impact on its financials, operations, or other activities. The company will assess and exercise its right to appeal to the highest authority as permitted by law.
Key Highlights
- Pidilite received a penalty order of ₹15.19 Lakh under GST Act for FY22.
- The company is reviewing the order and considering an appeal.
- Pidilite does not expect a material impact on its financials or operations.
- The order was received from the Deputy Commissioner of State Tax, Mumbai.
Price Impact
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