Zydus Lifesciences Limited had intimated about the details of tax amount, interest levied and penalty imposed. Nature and details of the action(s) taken, initiated or order(s) passed. Name of the authority is Office of the Assistant Commissioner of State Tax, SAS Nagar (Mohali).

O-I-O passed under section 73 of CGST Act, 2017. Issue pertains to excess claim of ITC during financial year 2018-19. Demand (Tax) is INR 49,084.

Interest is INR 49,330. Penalty is INR 4,908. Total is INR 103,322.

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