NECTAR LIFESCIENCES : ONGOING LITIGATION MAY IMPACT FINANCIAL HEALTH

• Principal Commissioner of CGST Commissionerate, Ludhiana, has filed a civil writ petition challenging the order dated May 27, 2025, of Commissioner (Appeal). • The Commissioner (Appeal) order had confirmed ineligible Input Tax Credit of ₹17.06 lakh (CGST ₹8.53 lakh and SGST ₹8.53 lakh) and imposed an equivalent penalty. • The order also dropped the balance demand of ₹89.32 crore along with applicable interest and penalties, and remanded the demand of ₹6.24 crore for de novo adjudication. • Personal penalties of ₹25,000 each on three company officials were quashed. • The High Court of Punjab and Haryana has remanded the matter back to the Appellate Authority for fresh consideration.

Nectar Lifesciences Limited

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