Sudarshan Chemical receives GST order for ₹50.58 Crore; plans appeal
Sudarshan Chemical Industries Limited has received an order from the Office of the Deputy Commissioner of State Tax, Bhosari, Pune, dated 30th December 2025. The order pertains to the Goods and Servic...
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Why is Sudarshan Chemical Industries Limited in the news today?
Sudarshan Chemical Industries Limited (SUDARSCHEM) is in the news due to the company has received a tax order with a significant financial implication, but it plans to appeal and believes there will be no impact on its operations or financials.
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Sudarshan Chemical receives GST order for ₹50.58 Crore; plans appeal
December 31, 2025, 06:26 AM
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Sudarshan Chemical Industries Limited has received an order from the Office of the Deputy Commissioner of State Tax, Bhosari, Pune, dated 30th December 2025. The order pertains to the Goods and Services Tax (GST) for the period 1st April 2021 to 31st March 2022, with an aggregate demand of ₹50,58,05,808/-
The demand includes ₹26,90,51,574/- in tax, ₹20,98,18,560/- in interest, and ₹2,69,35,674/- in penalty. This order was issued after the tax authorities completed their audit for the specified period and reviewed the company's response to a notice in Form DRC 01.
The company believes it has a strong case regarding the points raised by the tax authority. The order is appealable, and Sudarshan Chemical is in the process of filing an appeal before the appropriate authority. Consequently, the company anticipates no impact on its financial, operational, or other activities due to this order.
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