Alkem Laboratories Limited has received an order passed by statutory authority under the Goods and Services Tax Act, 2017. Name of Authority: Assistant Commissioner, GST & Central Excise, Cuttack-II Division, Cuttack. Nature and details of the action: The Company has received a demand order for financial years 2018-2019 and 2019-2020 of INR 12,927,745 (CGST of INR 2,963,479, SGST of INR 2,963,479 & IGST of INR 7,000,787) along with interest at appropriate rate and penalty of INR 1,292,775 (CGST of INR 296,348 SGST of INR 296,348 & IGST of INR 700,079) under the provisions of the CGST/SGST/IGST Act, 2017.

Date of receipt of order: May 6, 2024. Details of the violation: The demand has been raised denying GST Input Tax Credit due to non-reflection of the same in GSTR 2A. The Company does not agree with the said demand order and will contest the same.

Name of Authority: Superintendent, Central GST & Central Excise, Cuttack-II Division, Cuttack. Nature and details of the action: The Company has received an order for financial years 2018- 2019 and 2019-2020 for reversal of IGST Input Tax Credit of INR 1,802,660 along with interest at appropriate rate and penalty of INR 180,266 under the provisions of the IGST Act, 2017. Date of receipt of order: May 6, 2024.

Details of the violation: The demand has been raised denying IGST Input Tax Credit alleging certain technical issues under Section 16(2)(b) of CGST & IGST Act, 2017 and applicable provisions of Section 20(iv) of IGST Act, 2017. The Company does not agree with the said demand order and will contest the same.