Sanofi India Limited: Kerala Tax Authority Drops Proceedings for FY 2020-21
Sanofi India Limited received an acceptance order from Kerala Tax Authority dropping proceedings for FY 2020-21. The order relates to discrepancies in e-way bills and input tax credit, with a scrutiny amount of ₹59,77,141. The company confirms no material financial or operational impact.
The company explicitly stated that there is no material impact on its financial, operational, or other activities, indicating a low impact.
The company received an order dropping tax proceedings, which is a neutral event as it resolves a potential issue without a significant positive or negative financial outcome.
Sanofi India Limited has received an acceptance order from the Asst. State Tax Officer, Thripunithura, Kerala, for the Financial Year 2020-21. The tax authority has accepted the company's submissions and dropped proceedings that were initiated for alleged discrepancies related to the generation and reporting of e-way bills, as well as excess input tax credit availed.
The proceedings were initiated for verification of issues including multiple e-way bills, non-generation of e-way bills, e-way bills not reported in GST returns, and excess input tax credit. The total tax amount under scrutiny was ₹59,77,141.
The company received the acceptance order dated 25th May 2026 on 26th May 2026. Sanofi India Limited has stated that there is no material impact on its financial, operational, or other activities resulting from this order.
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Sanofi India Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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