Zydus Lifesciences Limited has received a Demand Order-In-Original for the financial year 2019-20 on the issue pertaining to excess claim of Input Tax Credit ("ITC") and exempt supplies treated as taxable. Name of the authority: Deputy Commissioner ST, Special Circle-VJA1: Vijayawada I: Andhra Pradesh. Nature and details of the action(s) taken, initiated or order(s) passed: O-I-O passed under section 73 of CGST Act, 2017.

Issue pertains to excess claim of ITC and exempt supplies treated as taxable. Details of alleged demand, interest and penalty imposed are as under: Demand (Tax): INR 0.52 million. Penalty: INR 0.04 million.

Interest: INR 0.42 million. The demand is raised in respect of alleged excess claim of ITC and exempt supplies treated as taxable for the financial year 2019-20. Date of receipt of direction: August 30, 2024.