Alkem Laboratories Limited — Others, 28-12-2024: Action(s) taken or orders passed

Alkem Laboratories has received a GST demand order from the Assistant Commissioner of Central Tax, alleging excess availment of Input Tax Credit for the period from FY 2017-18 to 2022-23, totaling ₹2.63 crore (comprising ₹1.31 crore in GST and ₹1.32 crore in penalties). The company plans to contest this order, indicating a proactive approach towards the challenge. While the financial implications appear manageable, investors should monitor the developments closely as this could affect the company’s future cash flows and operational focus. Overall, the sentiment remains stable pending the outcome of the appeal.