Pidilite Confirms ₹34.65 Lakh Penalty by CGST Patna

Pidilite Industries Ltd has received an Order-in-Appeal from the Additional Commissioner (Appeals), CGST Patna, confirming a penalty of ₹34,65,813/-. This penalty relates to the FY 2017-18 and was imposed under the Central Goods and Service Tax Act, 2017. The company is currently reviewing the order and evaluating its options, including a potential appeal to the highest authority. Pidilite has stated that this matter has no material impact on its financials, operations, or other business activities. The company will also host this information on its website.