Zydus Lifesciences Limited has received a Demand Order-In-Original for the financial year 2018-19 on the issue pertaining to the Excess Claim of Input Tax Credit and shortfall in liability. Name of the authority Office of the Deputy Commissioner, Ghaziabad-I, Uttar Pradesh, Nature and details of the action(s) taken, initiated or order passed Demand Order In Original passed under section 73 of CGST Act, 2017. Issue pertains to Excess claim of ITC credit and difference in liability.

Details of alleged demand and penalty imposed are as under: CGST: INR 1,31,927, SGST: INR 1,31,927 and IGST: INR 5,50,886. Total demand INR 8,14,740, Total penalty INR 1,36,560 and Total is INR 9,51,300.