Tax & Penalty9 Jun 2026, 07:31 pm
Sanofi India Wins Tax Dispute, ₹10.5 Lakh Demand Dropped
AI Summary
Sanofi India Ltd has received a favorable order from the Superintendent, CGST & C. Ex., Mumbai East Commissionerate, dropping a tax demand of INR 10,56,954 along with applicable interest and penalty. The demand was raised on account of generation of duplicate e-way bills for FY 2018-19. The company's submissions were accepted, and the tax demand has been fully dropped. This outcome has no material impact on the company's financial or operational activities.
Key Highlights
- Tax demand of ₹10.56 Lakhs dropped by CGST authorities.
- Order received for FY 2018-19 related to e-way bills.
- Company's submissions were accepted by the tax authority.
- No material impact on financial or operational activities.
- Favorable resolution of a tax scrutiny proceeding.
Price Impact
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