Sai Life Sciences Faces IGST Demand of Rs. 70.15 Lakh, Plans Rectification With No Major Financial Impact:

Sai Life Sciences receives an IGST demand order and plans to seek rectification, expecting no major financial impact on the company.
Company Challenges IGST Demand, Seeks Rectification

Sai Life Sciences Faces IGST Demand of Rs. 70.15 Lakh, Plans Rectification With No Major Financial Impact
Sai Life Sciences Limited has recently issued a regulatory filing dated November 30, 2025, addressed to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Through the present regulatory filing, the company has informed the stock exchange that it has received an order dated November 12, 2025, passed by the Assistant Commissioner, Central Tax, Division-II (Pimpri), Pune-I Commissionerate under Section 74 of the CGST Act, 2017. The order raises an IGST demand of Rs. 70,15,687, Interest at applicable rates, Penalty of Rs. 70,15,687 to the company.
The company is alleged to have availed excess ITC (Input Tax Credit) and also the difference between B2B supply with the Sale/Purchase register updated on the Government Portal for the financial years 2018-19 to 2021-22.
Now, the Company is planning to file a request to correct the order. It expects a positive result and does not believe this order will have any major financial effect on the Company.
The company has disclosed the aforesaid information to the stock exchange in pursuance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), read with the SEBI Circular on the Industry Standards Note on Regulation 30 dated February 25, 2025.
About Author

Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
StudyCafe
Delhi, Delhi, India
2702My Recent Articles
- ITAT Condoned Delay After Noting Indeed Technical Glitch on E-filing Portal and Restores Section 12A and 80G ApplicationsPremium
- ITAT Rejects Section 69A Unexplained Money Addition Based on Alleged Over-Invoicing Entry Found in Third-Party SearchPremium
- ITAT Condoned 336-Day Delay in Section 68 Case After Taxpayer Cites Lack Of Online Communication AwarenessPremium
- United Breweries Secures Full Relief from Bombay High Court in Rs 21.92 Crore Service Tax Dispute
- Aries Agro Faces Rs 3.96 Crore GST Demand Over ITC Availment from Retrospectively Cancelled Vendors
Up Next
Loading suggestions…
Recent Posts
All Posts
Tags
Recent Posts
All Posts








