Dr. Reddy's Laboratories Limited has received an order from GST Authority towards tax demand including interest and penalty. Name of the authority: The Joint Commissioner of State Tax, (Appeals), Raipur Division-1, Chattisgarh
nature and details of the action(s) taken, initiated or order(s) passed: The Company has received appellate order confirming the tax demand including interest and penalty under Section 73 of the SGST /CGST Act, 2017. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: Order dated June 13, 2024 was received by the Company on June 13, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed: The appellate authority has rejected the appeal relating to availment of credit in GST return. Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: The above order levies a penalty of INR 106,905/-. Based on the evaluation, there is no material impact on the financials, operations, or other activities of the Company.