Pidilite GST Penalty of about Rs 40 lakh Confirmed in Appeal

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PIDILITIND · price

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AI summary

Pidilite Industries received an Order-in-Appeal dated 30 June 2026 from the Deputy Commissioner of State Tax in Mumbai, confirming a GST penalty of about Rs 39.99 lakh for FY 2018-19. The original order was passed in April 2024 under the Central Goods and Services Tax Act. The company is reviewing the order and plans to appeal to the highest authority permitted in law. Pidilite clarified there is no material impact on its financials, operations, or other activities.

Likely market impact

Penalty amount is small relative to company size. Company confirms no material financial impact, but appeal process continues.