Tax & Penalty19 Sept 2026, 12:00 pm
Unichem Laboratories Receives Appeal Order, Disallows ₹87 Cr Penalty
AI Summary
Unichem Laboratories Ltd has received an Order-In-Appeal from the Commissioner (Appeals Thane) concerning a cross-charge of common services. The order disallowed a penalty of ₹87,07,09,556 and interest liability of ₹6,58,76,590 under the CGST Act, 2017. The company disputes the alleged violation of delayed tax payment. Unichem Laboratories stated that there will be no material impact on its financial or operational activities and plans to file an appeal within the prescribed timelines, based on legal advice.
Key Highlights
- Appeal order received from Commissioner (Appeals Thane).
- Penalty of ₹87.07 Cr and interest of ₹6.58 Cr disallowed.
- Company disputes alleged violation of CGST Act.
- No material financial or operational impact expected.
- Company plans to file an appeal against the order.
Price Impact
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