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Link Pharma Chem Limited’s GST demand reduced to Rs 16.30 lakh and penalty to Rs 2.06 lakh by Tribunal

(13-Oct-26   18:41)

Link Pharma Chem Limited announced that it received an order from the GST Appellate Authority, Tribunal in Vadodara, reducing a final demand of Goods and Services Tax from Rs 1,32,94,322 to Rs 16,29,852 and decreasing a penalty from Rs 13,29,433 to Rs 2,05,605, both pertaining to the period 2021-2022; the order was received on October 12, 2026, and relates to alleged mismatches in tax liability declarations and excess Input Tax Credit (ITC) availed, with the company stating the financial impact is quantifiable but not material and that it intends to appeal the decision.