Par Drugs and Chemicals Limited — Important, 22-01-2025: General Updates

The company has disclosed that it received an order from the Goods and Services Tax (GST) authority regarding proceedings for the financial year 2020-21. The order cites a demand of Rs. 25.42 crore related to excess Input Tax Credit (ITC) claimed, short reversal of ITC, and short payment of tax. The company has submitted its response to the Adjudicating Authority and paid an IGST amounting to Rs. 1,638 as specified in the order. Overall, there are no additional monetary impacts outside of this demand and payment. This situation merits close monitoring, as any ongoing developments may affect the company’s financial performance and compliance standing.