Zydus Wellness Limited has informed the Exchange about receipt of Order from GST Authority
ZYDUSWELL · price
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Zydus Wellness Products Limited (ZWPL), a wholly owned subsidiary of Zydus Wellness, has received a GST order in Form GST DRC-07 from the CGST Commissionerate in Ghaziabad, UP. The order alleges less reversal of input tax credit under section 17 of the CGST Act read with rule 42 of the CGST Rules for financial years 2019-20 and 2020-21. A penalty of ₹6.30 million has been imposed along with applicable interest under section 74(9) read with section 122(2)(b) of the CGST Act. The order was received on March 29, 2026. The company has stated there is no material impact on its financial, operational, or other activities, and ZWPL plans to assess its next course of action as the order is appealable.
The penalty amount is small relative to the company's size and is not expected to materially affect operations or financials. The order is appealable, so the final liability remains uncertain. For retail investors, this is a minor, routine tax dispute with limited stock price relevance.