Lupin says GST inspection at Maharashtra office underway
Pharma major Lupin Ltd. said on Wednesday, February 25, that the Goods and Services Tax Department of Maharashtra has initiated an inspection and search at its office.
Tag: pharma company
Indian pharma firms seek govt tax reliefs, incentives to spur innovation
India’s pharmaceutical companies are hoping for tax incentives and financial assistance for research on innovative drugs as Prime Minister Narendra Modi’s government readies a federal finance budget likely to be presented in July.
Pharma sector under DGGI Scanner; about Rs.450 crore of GST dues recovered in FY24
In another drive to curb GST leakages across several sectors, the Directorate General of GST Intelligence (DGGI) is understood to have registered 41 cases against pharma majors across the country in FY24, sources told CNBC-TV18.
Cipla gets Rs 1.83 cr penalty for claiming inadmissible transitional credit
Pharma major Cipla Ltd on Friday said it has been imposed a penalty of Rs 1.83 crore by the GST authority for claiming inadmissible transitional credit on education cess.
Budget 2024: Pharma industry seeks incentives for R&D, conducive policies
The pharma industry has sought fiscal incentives to promote research and development (R&D) in the sector, as it is likely…
Pharma companies seek clarity from Bombay High Court on free samples to be considered as genuine expense under GST
At a time when marketing practices of pharma companies are already under question and government scanner, pharma majors have raised…