Tax & Penalty27 May 2026, 11:47 am
Sanofi India: Tax Order Acceptance for FY21
AI Summary
Sanofi India Ltd. announced that the Asst. State Tax Officer, Thripunithura, Kerala, has issued an acceptance order for FY 2020-21. The order accepts submissions made by the company and drops proceedings initiated for verification of tax amounting to ₹59,77,141. The proceedings were related to discrepancies in e-way bills and input tax credit. The company stated that the order has no material impact on its financial, operational, or other activities.
Key Highlights
- Sanofi India received an acceptance order from the Asst. State Tax Officer, Kerala, for FY 2020-21.
- The order drops proceedings related to discrepancies in e-way bills and input tax credit of ₹59,77,141.
- The company's submissions were accepted, leading to the closure of the verification proceedings.
- Sanofi India states that the order has no material impact on its operations or finances.
Price Impact
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