Zydus Lifesciences Limited has received an Order-In-Original ("O-I-O") of financial year 2019-20 on the issue pertaining to Input Tax Credit ("ITC") of Cross Charge. Name of the authority Superintendent, Jurisdiction: CUTTACK IV RANGE: CUTTACK I, Odisha. 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 ITC of Cross Charge. Details of penalty imposed, and interest levied are as under: Tax amount - INR 1.91 million, Penalty - INR 0.19 million, total - INR 2.10 million. Though, the Company has replied with details of ITC availed for Cross Charge, however, the same was disallowed by the GST authority.