Pidilite Industries has informed that the Company has received Orders dated 28th May, 2024, which were received through email on 28th May, 2024 from the Assistant Commissioner of State Tax, INV-D-038, Mazgaon, Mumbai imposing a total penalty of Rs 38,83,739 in relation to GST investigation conducted for the FY 2020-21, FY 2021-2022,FY 2022-23 and for the period 01.04.2023 to 31.10.2023 under applicable provisions of the Maharashtra Goods and Services Tax Act, 2017 and Central Goods and Service Tax Act, 2017. Based on the Company’s assessment, the Company reasonably expects a favourable outcome at the appellate level. There is no material impact on financials, operations or other activities of the Company. The aforesaid information is also being hosted on the website of the Company: www.pidilite.com.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
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