Gufic BioSciences has been issued a GST penalty order of ₹15,64,052 by tax authorities for the period FY2018-19 to FY2022-23. The penalty includes ₹15,35,080 for excess Input Tax Credit claims and ₹28,972 for short payment of tax liability. The company plans to contest the penalties by filing an appeal and believes there will be no material impact on its financial operations or business activities.
Gufic Biosciences Receives GST Penalty Order of ₹15.64 Lakh for FY2018-19 to FY2022-23
