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GSK Pharma Faces ₹33.9 Million GST Demand from West Bengal Authorities

Updated: June 27, 2025 14:14

Image Source : The Economic Times

GlaxoSmithKline Pharmaceuticals Ltd has received a tax order from the West Bengal GST Department demanding ₹33.9 million, marking a fresh compliance challenge for the multinational pharmaceutical company in India.

Tax Order Details

* The order was issued by the West Bengal State Goods and Services Tax (SGST) authorities

* Total tax demand amounts to ₹33.9 million

* The notice pertains to an alleged discrepancy or non-compliance under the GST framework

* Specific details regarding the nature of the demand have not been publicly disclosed

Potential Financial Impact

* The ₹33.9 million tax outgo is not expected to materially impact the company’s financials

* The company is likely to evaluate legal options including appeal or settlement

* GSK Pharma has a track record of maintaining regulatory compliance and may contest the order

Regulatory And Market Context

* Indian pharma companies have faced increasing scrutiny from GST departments across states

* The GST framework allows for such state-level assessments and demands based on local audits

* Regulatory vigilance has intensified on high-revenue sectors including pharma and healthcare

Next Steps And Response

* GSK Pharma is expected to respond formally to the order within the stipulated legal timeline

* Depending on internal review, the company may choose to pay, appeal, or seek clarification

* Investors and analysts will monitor the outcome for any precedents it may set

About GlaxoSmithKline Pharmaceuticals Ltd

GlaxoSmithKline Pharmaceuticals Ltd is a leading research-based pharmaceutical company in India, engaged in the manufacturing and marketing of a broad range of prescription medicines and vaccines.

Sources: Exchange Filings, Company Disclosures, Market Reports

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