Alkem Labs gets Kerala GST demand order of about Rs 3.82 lakh, to appeal
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Alkem Laboratories received a GST demand order from the Kerala State Tax Officer for FY 2021-22. The order asks for GST of Rs 2.05 lakh, penalty of Rs 41,019, and interest of Rs 1.36 lakh, totalling about Rs 3.82 lakh, alleging excess claim of Input Tax Credit. The company disagrees with the demand and plans to file an appeal. Management states there is no material impact on financials or operations.
Small tax demand that the company is contesting via appeal; no material financial or operational impact expected.