Alkem Laboratories Limited has informed the Exchange about Action(s) initiated or orders passed
ALKEM · price
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Awaiting price reaction for this filing.
Alkem Laboratories has received an order from the State Tax Officer in Bharuch, Gujarat demanding GST of about Rs 7.9 lakh, interest of Rs 6.0 lakh, and a penalty of Rs 79,000 for FY 2021-22, totalling roughly Rs 14.7 lakh. The order alleges excess claim of Input Tax Credit (ITC) under GST laws. The company has stated it disagrees with the demand and plans to file an appeal. Alkem has clarified there is no material impact on its financials, operations, or other activities from this order.
The financial impact is negligible given the small demand amount relative to the company's size, and Alkem has confirmed no material impact. The stock is unlikely to see a meaningful reaction, though investors should track the appeal outcome.