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Sanofi India Limited has received two significant orders from tax authorities. The first order, from the Excise and Taxation Officer in Chandigarh, imposes a VAT demand of ₹28,12,926 with interest and penalty. The company is considering appealing this decision based on its consultant’s advice.
The second order, issued by the Deputy Commissioner of Commercial Taxes in Bengaluru, questions the GST credit note issued by the company, resulting in a determined liability of ₹32,52,316, which the company also plans to appeal.
Both orders do not have a material impact on the company's financial or operational activities. Investors should monitor the outcomes of these appeals closely, as they could influence future financial stability.