Mankind Pharma share price down amid Rs. 2 crore Penalty GST Notice:

Mankind Pharma share price down amid Rs. 2 crore Penalty GST Notice Mankind Pharma Ltd said on Wednesday that the tax office in Kolkata has issued a GST-related penalty of more than Rs.2 crore for an alleged mismatch in data from FY18 to FY22. Mankind Pharma said in a regulatory filing that on January 14, 2025, it received an order from the Office of the Commissioner of Kolkata South CGST and CX, which was issued by the Additional Commissioner. "The GST Authority has passed the order in connection with GST audit for the FY 2017-18 to FY2021-22 on the grounds that there is a mismatch in the figures reported in various statutory returns...," it stated. The order imposed a penalty of Rs.2,27,83,935 on the company. "Based on the assessment of facts and prevailing law, the company is of the view that the aforementioned order is unreasonable and unjustified," Mankind Pharma said, adding that it would file the requisite appeal with the appellate authority. It noted that there will be no major impact on the company's finances, operations, or other activities.