GlaxoSmithKline Pharmaceuticals Limited — Others, 19-06-2025: Action(s) initiated or orders passed

GlaxoSmithKline Pharmaceuticals Limited has announced a tax demand of Rs. 3.07 crore from the Madhya Pradesh GST Department related to input tax credit discrepancies between the Company’s and suppliers’ GST returns. The demand includes tax of Rs. 1.37 crore and penalty of Rs. 1.69 crore. The Company states no impact on its financial operations and is currently reviewing the order to decide on further steps. This situation is relevant as it involves potential liabilities but does not affect current business performance.