Dr. Reddy’s Laboratories Ltd (RDY) has released an update.
Dr. Reddy’s Laboratories Ltd. has been ordered by the GST Authority to pay a tax demand, including interest and penalty, after their appeal on GST credit availment was rejected. The financial impact of the penalty, amounting to Rs. 36,51,179, is considered not material to the company’s operations. The company intends to file an appeal against the order.
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