Tax & Penalty13 Aug 2026, 11:57 am
Sanofi India Gets ₹1.33 Cr GST Refund Approved
AI Summary
Sanofi India Ltd has received an order from the Deputy Commissioner, Central Goods & Service Tax, Margao-Goa, approving a GST refund of ₹1,32,93,535. The company had filed an application to receive this refund without it being adjusted against an outstanding demand of ₹75,63,190. The tax authority has dropped the proposed adjustment of the outstanding demand, sanctioning the full refund. Sanofi India stated that this development has no material impact on its financial, operational, or other activities.
Key Highlights
- Sanofi India received GST refund of ₹1,32,93,535.
- Refund approved without adjustment against outstanding demand.
- Outstanding demand of ₹75,63,190 has been dropped.
- No material impact on company's financials or operations.
- Order received from CGST, Margao-Goa on August 12, 2026.
Price Impact
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