SANOFIBSESanofi India LtdMediumNegative
Announced Wed, 24 Jun · 16:19 IST

State GST rejects Sanofi India's tax refund of about Rs 11.6 lakh

Regulatory & Legal View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹3395.00
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AI summary

Sanofi India's refund application of about Rs 11.6 lakh for the period 2014-15 to July 2017 has been rejected by the Deputy Commissioner, State GST, Ahmedabad. The refund was for a mandatory pre-deposit made via Electronic Credit Ledger while filing an appeal under the Central Excise Act, 1944. The authority said the pre-deposit was not paid as tax under the CGST Act, and the matter falls under Central GST, not State GST. The company will appeal before Appellate Authorities and states there is no material impact on financials or operations.

Likely market impact

Small refund claim rejected, company plans to appeal. No material financial or operational impact stated by management.