Par Drugs and Chemicals Limited disclosed ongoing communication received from GST Department regarding discrepancy of tax issued by Audit Cell of Goods and Service Tax (GST) Authority. Name of the authority: Office of the Joint Commissioner of State Tax, Audit Cell, Division-9, Bhavnagar, Gujarat, India. Nature and details of the action(s) taken, initiated or order(s) passed: Followings Discrepancy Notices issued by the GST Department: For the Financial Year 2021-22: Under section 73 of GST Act with demand of INR 2,734,764 and Under section 74 of GST Act with demand of INR 511,523.

For the Financial Year 2022-23: Under Section 73 of GST Act with demand of INR 7,639,451 and Under Section 74 of GST Act with demand of INR 454,705. Details of the violation(s)/contravention(s) committed or alleged to be committed; Above mentioned demands issued by the GST Department by providing fact as followings: Differential tax liability, excess ITC availed, excess claim of ineligible ITC u/s 17(5) and Ineligible ITC as per section 16(2) claimed for the Financial year 2021-22. Short Payment of tax differentia l tax liability, excess ITC availed, excess claim of ineligible ITC u/s 17(5) and Ineligible ITC as per section 16(2) claimed for the Financial year 2022-23.