India

India's Customs and Central Tax principal commissioner confirms ₹155 crore GST demand on Aurobindo Pharma

→Treasury teams must provision ₹155 crore now

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The Hindu ·
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India's Customs confirmed a ₹155 crore GST demand with interest and penalty against Aurobindo Pharma for excess IGST refunds and Rule 37 ITC non-reversal.
Why it matters
Appellate authority confirmed orders from the Additional Commissioner, Ranga Reddy GST Commissionerate. Demand comprises ₹77.61 crore GST plus matching ₹77.61 crore interest and penalty.
Implications
  • — Treasury teams must provision ₹155 crore immediately to reflect the confirmed GST demand, interest and penalty.

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