Alkem Laboratories receives GST order confirming ₹39 crore demand and penalty; to file appeal
The order in appeal, received on September 20, 2025, pertains to the period July 2017–2018 to March 2022 and confirms a GST demand of ₹35.11 crore along with applicable interest and a penalty of ₹3.5 crore under the provisions of the IGST Act, 2017, CGST Act, 2017, and SGST Act, 2017. Shares of Alkem Laboratories Ltd ended at ₹5,481.80, down by ₹52.50, or 0.95%, on the BSE.
The order in appeal, received on September 20, 2025, pertains to the period July 2017–2018 to March 2022 and confirms a GST demand of ₹35.11 crore along with applicable interest and a penalty of ₹3.5 crore under the provisions of the IGST Act, 2017, CGST Act, 2017, and SGST Act, 2017. Shares of Alkem Laboratories Ltd ended at ₹5,481.80, down by ₹52.50, or 0.95%, on the BSE.
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