Alkem Labs Receives GST Demand Order of ₹5.2 Lakhs for FY22
Alkem Laboratories Limited has announced that it has received an order from the Deputy Commissioner, Large Taxpayer Unit, Corporate Division, West Bengal, under the Goods and Services Tax Act, 2017. T...
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Why is Alkem Laboratories Limited in the news today?
Alkem Laboratories Limited (ALKEM) is in the news due to the company received a gst demand order, which is a negative event. however, the company disagrees with the order and plans to contest it, and has stated that there is no material impact on its financials or operations. this mitigates the negative sentiment.
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Alkem Labs Receives GST Demand Order of ₹5.2 Lakhs for FY22
December 30, 2025, 10:38 AM
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Alkem Laboratories Limited has announced that it has received an order from the Deputy Commissioner, Large Taxpayer Unit, Corporate Division, West Bengal, under the Goods and Services Tax Act, 2017. The order pertains to the Financial Year 2021-2022 and demands a Goods and Services Tax (GST) of ₹5,20,601/-, along with interest of ₹3,89,167/- and a penalty of ₹62,098/-.
The demand order primarily alleges issues related to the levy of GST under the Reverse Charge Mechanism and excess availment of Input Tax Credit. Alkem Laboratories Limited stated that it does not agree with the demand order and intends to contest it by filing an appeal.
The company has received the order on 29th December 2025. Alkem Laboratories Limited has also stated that there is no material impact on its financial, operational, or other activities, quantifiable in monetary terms, as a result of this order. The company is in the process of taking appropriate action, including filing an appeal against the order.
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