Alkem Laboratories faces ₹10.4 cr GST demand

Alkem Laboratories Ltd received an order from statutory authorities under the GST Act, 2017, demanding ₹5,21,52,038 in taxes, and ₹5,22,02,038 in penalties plus interest, for alleged excess availing of GST Input Tax Credit from 2017 to 2021. Alkem intends to…

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Vodafone Idea faces ₹2.94 cr penalty under GST Act

Vodafone Idea Limited has received a penalty order under the Central Goods and Services Tax Act, 2017, confirming ₹2,94,07,225 due to alleged excess ITC availment for FY 2017-18. The company intends to challenge the order and pursue appropriate rectification actions…

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