Godfrey Phillips India Limited has informed the Exchange about General Updates - GST Order.
GODFRYPHLP · price
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Awaiting price reaction for this filing.
Godfrey Phillips India has received an order from the Office of the Assistant Commissioner of GST, Delhi, demanding GST along with interest and a penalty of Rs. 24.71 lakh under the Central GST Act, Delhi GST Act, and Integrated GST Act. The order, downloaded by the company on January 6, 2026, alleges irregular availment and utilization of Input Tax Credit (ITC). The company has stated that the order has no material impact on its financials, operations, or other activities. It is evaluating all options, including filing an appeal against the order.
The financial impact is negligible given the small penalty amount (Rs. 24.71 lakh) and the company's intention to appeal. Shareholders are unlikely to see any meaningful effect on the stock from this development.