Dr Reddy's Russia Arm Slapped Rs 2.45 Cr VAT Penalty
Written By : Parthika Patel
Published On 2026-01-29 18:03 GMT | Update On 2026-01-29 18:03 GMT
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New Delhi: Drug major Dr. Reddy's Laboratories Limited's step-down wholly owned subsidiary, Dr. Reddy's Laboratories LLC, Russia, has received a tax audit decision from the Interdistrict Inspectorate of the Federal Tax Service of Russia, resulting in a Value Added Tax (VAT) levy and a monetary penalty of Ruble 20.09 million (approximately Rs 24.50 million).
In a regulatory disclosure, the company stated that the tax audit decision was received on January 23, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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