GlaxoSmithKline Pharmaceuticals Limited Receives GST Order for FY 2021-22
GlaxoSmithKline Pharmaceuticals Limited has received an order dated 30th December 2025 from the Karnataka State GST authorities concerning the financial year 2021-22. The order, issued by the Deputy ...
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Why is GlaxoSmithKline Pharmaceuticals Limited in the news today?
GlaxoSmithKline Pharmaceuticals Limited (GLAXO) is in the news due to the announcement is neutral as it reports a gst demand order, but the company has stated there is no impact on its financial operations and it is evaluating the situation.
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GlaxoSmithKline Pharmaceuticals Limited Receives GST Order for FY 2021-22
December 31, 2025, 02:09 PM
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GlaxoSmithKline Pharmaceuticals Limited has received an order dated 30th December 2025 from the Karnataka State GST authorities concerning the financial year 2021-22.
The order, issued by the Deputy Commissioner of Commercial Taxes (Audit) -2.1, DGSTO -2, Bangalore, pertains to the GST rate applied for certain products. The total demand raised amounts to ₹8,56,90,938, comprising ₹4,85,42,948 in tax, ₹3,22,93,695 in interest, and ₹48,54,295 in penalty.
The company stated that this order has no impact on its financial operations. GlaxoSmithKline Pharmaceuticals Limited is currently evaluating the demand order and will take appropriate actions in due course. The company received this communication on 30th December 2025.
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