Tax & Penalty1 Sept 2026, 02:07 pm
Pidilite fined ₹10.4 Lakhs by GST Dept for FY21
AI Summary
Pidilite Industries Ltd has received an Order-in-Original from the Superintendent of Central GST & C. Excise, Bihar, imposing a penalty of ₹10,42,207/- under the Central Goods and Services Tax Act for the Financial Year 2020-21. The company is currently reviewing the order and evaluating its options, including the right to appeal. Pidilite has stated that this penalty has no material impact on its financials, operations, or other business activities. The company will also host this information on its website.
Key Highlights
- Penalty of ₹10.42 Lakhs imposed by GST authorities.
- Penalty relates to FY 2020-21 under GST Act.
- Company is reviewing the order and considering an appeal.
- No material impact on financials or operations expected.
Price Impact
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