by newsworm | Dec 22, 2024 | Cipla, Pharma
Cipla, a leading pharmaceutical company, has been slapped with a fine of over Rs 1 crore by the Goods and Services Tax (GST) Authority. The fine is a result of a probe into Cipla’s alleged violation of GST norms. The case is related to the company’s...
by newsworm | Dec 3, 2024 | Cipla, Pharma
The Goods and Services Tax Authority has imposed a penalty of ₹10,95,32,757 on Cipla for allegedly reducing its GST liability by issuing credit notes without confirming the reversal of Input Tax Credit (ITC) at the recipient’s end. The penalty covers the period...