Intimation of order received from Central Goods & Services Tax - Mandi Division
FERMENTA · price
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Fermenta Biotech received an order on December 31, 2025 from the Central GST Mandi Division alleging contravention of Rule 96(10) of the CGST Rules, 2017. The order imposes a tax demand of Rs. 1.36 crore (IGST) under Section 74 of the CGST Act, along with an equal penalty of Rs. 1.36 crore, plus applicable interest under Section 50(1) — totaling roughly Rs. 2.71 crore before interest. The company has stated it is examining the order and will file a response contesting the demand within the prescribed time limit. This follows an earlier intimation on April 17, 2025 on the same matter.
Though the company says it does not foresee any material impact, the order represents an adverse tax demand that, if upheld after appeal, could affect earnings and cash flows. Investors should monitor the company's contesting response and any subsequent hearings.