Jagsonpal Pharma Receives Tax Demand Order of ₹1.52 Crore
Jagsonpal Pharmaceuticals Limited has received an order from the Office of the Deputy Commissioner of State Tax (SGST), Gurugram (East), Government of Haryana, demanding a total of ₹1,51,98,726. This ...
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Why is Jagsonpal Pharmaceuticals Limited in the news today?
Jagsonpal Pharmaceuticals Limited (JAGSNPHARM) is in the news due to the company received a significant tax demand, but it plans to appeal and does not anticipate a material financial impact, making the sentiment neutral.
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Jagsonpal Pharma Receives Tax Demand Order of ₹1.52 Crore
December 30, 2025, 11:22 AM
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Jagsonpal Pharmaceuticals Limited has received an order from the Office of the Deputy Commissioner of State Tax (SGST), Gurugram (East), Government of Haryana, demanding a total of ₹1,51,98,726. This amount comprises ₹84,89,301 in tax, ₹58,60,495 in interest, and ₹8,48,930 in penalty.
The demand pertains to the financial year 2021-22 and has been raised due to mismatches in Input Tax Credit (ITC) reported in GSTR-2A and GSTR-3B returns, and tax liability in E-waybills versus GSTR-1 returns.
The company received this order on December 29, 2025. Jagsonpal Pharmaceuticals Limited intends to file an appeal against this order before the concerned Appellate Authority, including the pre-deposit for a stay of the demand. The company believes it has merits in its case and does not anticipate any material impact on its financials, operations, or other activities.
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