Announced Thu, 2 Jul · 11:00 IST
Pidilite Industries: GST appeal order confirms Rs 21.44 lakh penalty for FY23
Regulatory & Legal View source PDF
PIDILITIND · price
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₹1580.80
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₹1601.00
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AI summary
Pidilite Industries received an Order-in-Appeal on 30 June 2026 from the Deputy Commissioner of State Tax, Mumbai, confirming a penalty of Rs 21,44,192 under the Central GST Act for FY 2022-23. The original order was passed on 9 May 2024. The company says the order is appealable and is reviewing its next steps. Pidilite plans to take the matter to the highest authority permitted by law and has stated there is no material impact on its financials, operations, or other activities.
Likely market impact
Small GST penalty confirmed at appeal; company plans to appeal further. No material impact on operations or financials stated.