Alkem Labs Receives GST Demand Order of ₹56.71 Lakhs for FY19
Alkem Laboratories Limited has received an order from the Assistant Commissioner, Ward 203, Zone 11, Delhi, under the Goods and Services Tax Act, 2017. The order pertains to the Financial Year 2018-20...
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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 disputes the order and plans to appeal, and has stated there is no material impact, which mitigates the negativity.
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Alkem Labs Receives GST Demand Order of ₹56.71 Lakhs for FY19
December 30, 2025, 06:53 AM
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More Details on This News
Alkem Laboratories Limited has received an order from the Assistant Commissioner, Ward 203, Zone 11, Delhi, under the Goods and Services Tax Act, 2017. The order pertains to the Financial Year 2018-2019 and demands GST of ₹21,93,872/-, along with interest of ₹12,83,415/- and a penalty of ₹21,93,872/-.
The company received this order on 29th December, 2025. The demand order primarily alleges 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 indicated that there is no material impact on its financial, operational, or other activities, quantifiable in monetary terms. Alkem Laboratories Limited is in the process of taking appropriate action, including filing an appeal against the order.
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