Zydus Wellness arm gets Rs 56.33 crore GST demand

Zydus Wellness Ltd announced that its subsidiary, Zydus Wellness Products Ltd, has received a GST demand of Rs 56.33 crore with interest and penalties from the tax authority. The demand relates to the pre-acquisition period before January 30, 2019, concerning the acquisition of intellectual property rights from Heinz Italia S.P.A.

Dec 28, 2024 - 14:30

Zydus Wellness arm gets Rs 56.33 crore GST demand

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Zydus Wellness Ltd announced that its subsidiary, Zydus Wellness Products Ltd, has received a GST demand of Rs 56.33 crore with interest and penalties from the tax authority. The demand relates to the pre-acquisition period before January 30, 2019, concerning the acquisition of intellectual property rights from Heinz Italia S.P.A.