Zydus Lifesciences Limited intimated about the details of tax amount, interest levied and penalty imposed by Office of the State Taxes Officer, Circle-L, State Jammu. Nature and details of the action(s) taken, initiated or order(s) passed. In the said table, there was an error in the total amount of interest and penalty.

The correct total amount of interest and penalty is provided. O-I-O is passed under section 73 of CGST Act, 2017 on the issue pertaining to mismatch in tax liability declared in GSTR-1. Details of tax amount, interest levied and penalty imposed are as under: Demand (Tax) is INR 4,184,475. Interest is INR 4,086,016.

Penalty is INR 422,718. Total is INR 8,693,209. The demand is raised in respect of mismatch in tax liability declared in GSTR-1 for the financial year 2018-19.

ZHL intends to challenge the order by filing an appeal against the said order. There is no material financial impact on the Company.