Regulatory Twist: Indoco Remedies Escapes ₹85 Million GST Demand—Here’s How

Indoco Remedies Ltd. has received a major reprieve as the GST Authority officially dropped proceedings against the company, withdrawing a potential tax demand of ₹85 million. The decision follows Indoco’s response to a Show Cause Notice (SCN) issued in August 2024, which questioned input tax credit claims and GSTR9C reconciliation issues.

 

Key Highlights:

This resolution removes a major regulatory hurdle, allowing Indoco Remedies to focus on growth and operational expansion without taxrelated uncertainties.

 

Sources: Indoco Remedies Official Statement, Economic Times