Pidilite Industries discloses imposition of GST penalty, shares up

Pidilite Industries Limited disclosed receiving three orders. These orders were issued by the Superintendent at Guwahati-B-10, Guwahati-B, and Guwahati Zone-B, Assam, imposing a cumulative penalty of Rs. 49,592.

The penalty pertains to the disallowance of Input Tax Credit (ITC) availed under the Transitional provisions of the Central Goods and Service Tax Act, 2017 for the fiscal year 2017-18.

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