Pidilite Industries Limited Receives an Order Issued by the Commercial Tax Officer, Enforecement-2 Chitradurga
June 20, 2024 at 11:18 am
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Pidilite Industries Limited has received an Order dated 17 June, 2024, which was received through email on 19 June 2024, issued by the Commercial Tax Officer, Enforecement-2 Chitradurga imposing a penalty of INR 875,328/- with respect to discrepancy in providing supporting documents during vehicular movement under the applicable provisions of the Central Goods and Service Tax Act, 2017.
Pidilite Industries Limited is an India-based manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products, and polymer emulsions. The Company, together with its subsidiaries, is focused on consumer and industrial specialty chemicals. The Company's segments include Consumer and Bazaar (C&B), Business to Business (B2B), and Others. The C&B segment covers the sale of products mainly to end consumers, which are retail users such as carpenters, painters, plumbers, mechanics, households, students and offices, among others. The Company's products include adhesives, sealants, art and craft materials and construction and paint chemicals. The B2B segment includes industrial products such as adhesives, synthetic resins, organic pigments, pigment preparations, construction chemicals (projects) and surfactants, among others. It caters to various industries, such as packaging, textiles, joineries, printing inks, paper and leather, among others.