Cipla Ltd Hit with ₹29.77 Crore GST Penalty for Inadmissible ITC and Payment Delays

Cipla Ltd. was hit with a substantial GST penalty for inadmissible input tax credit (ITC) claims and delayed payments. The company was found to have improperly claimed ITC on ineligible items and faced penalties under GST law for the delay in payment of taxes. The GST authorities conducted a thorough audit, identifying discrepancies in the company’s filings. The ruling emphasized the importance of adhering to GST provisions regarding ITC eligibility and timely payment. The court upheld the penalties, reinforcing the need for compliance with GST regulations to avoid punitive actions.