Show Cause Notice Details
- Notice Date: 28th August 2026
- Receipt Date: 31st August 2026 (downloaded from GST Portal)
- Issuing Authority: Additional Commissioner of CGST and CX, Mumbai East
- Legal Basis: Issued under Section 74 of the Central Goods & Service Tax Act (CGST) Act, 2017
Allegations and Financial Impact
- Allegation: Misclassification of certain products at concessional GST rate of 5% instead of the applicable 12% rate
- Period: Financial year 2020-21
- Proposed Tax Liability: ₹36,38,70,979 (₹36.39 crore)
- Proposed Penalty: ₹36,38,70,979 (₹36.39 crore)
- Total Potential Exposure: ₹72,77,41,958 (₹72.77 crore)
Company Response and Status
- The Company is in the process of responding to the notice after receiving relevant facts on which the demand has been determined
- The Company is examining the Show Cause Notice in consultation with its consultants/tax advisors
- The Company shall take appropriate steps including submission of reply within the prescribed time period
Expected Financial Implications
As per the disclosure, the Company does not envisage any adverse impact on the financials, operations or other activities of the Company arising from this Show Cause Notice.
Additional Information
The information has been made available on the company's website as required under regulatory guidelines.
#Tags: #SanofiIndia #GSTNotice #SEBIDisclosure #RegulatoryCompliance #TaxDispute #Neutral