GlaxoSmithKline Pharma receives GST order for ₹35 Lakhs for FY22
GlaxoSmithKline Pharmaceuticals Limited has received an order dated 31st December 2025 from the Maharashtra State GST authorities concerning the Financial Year 2021-22. The order pertains to the Assis...
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Why is GlaxoSmithKline Pharmaceuticals Limited in the news today?
GlaxoSmithKline Pharmaceuticals Limited (GLAXO) is in the news due to the company received a gst demand order, which is a regulatory action. while it involves a financial demand, the company has stated there is no impact on its operations and is evaluating the order, making the sentiment neutral.
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GlaxoSmithKline Pharma receives GST order for ₹35 Lakhs for FY22
January 1, 2026, 09:01 AM
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More Details on This News
GlaxoSmithKline Pharmaceuticals Limited has received an order dated 31st December 2025 from the Maharashtra State GST authorities concerning the Financial Year 2021-22. The order pertains to the Assistant Commissioner of State Tax, Mumbai, Maharashtra, and involves a total demand of ₹35,07,895/-, comprising ₹18,16,196/- in tax, ₹15,10,080/- in interest, and ₹1,81,619/- in penalty.
The demand has been raised in relation to GST credit issues, specifically a mismatch between the Company’s GST returns and the details reported by its suppliers. The company has stated that this order is not expected to have any impact on its financial operations. GlaxoSmithKline Pharmaceuticals Limited is currently evaluating the demand order and will take appropriate actions in due course.
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