Piramal Slapped With Rs 1,502 Crore GST Demand Over Pharma Business Sale
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Delhi: The Deputy Commissioner of State Tax, Maharashtra, has issued a GST demand of Rs 1,502 crores (approximately USD172 million) to Piramal Enterprises for the sale of its pharmaceutical business to Piramal Pharma in FY 2021, citing unpaid or short-paid tax along with interest and penalties.
The order, dated 27th February 2025, cites unpaid or short-paid tax along with interest and penalties, adding regulatory pressure on one of India's prominent pharmaceutical firms.
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