GST Department Imposes Rs 1.17 Crore Penalty on Pidilite Industries

GST Department Imposes Rs 1.17 Crore Penalty on Pidilite Industries

Pidilite Industries Limited, an Indian multinational and the leading manufacturer of adhesives and sealants in India, issued a disclosure to NSE Ltd and BSE Ltd regarding receipt of demand orders.

Background of the Case

The company stated that it has received official orders from the GST department. These orders were also made available on the GST portal on the same day.

As per the orders, a penalty has been imposed on the company. The penalty amount is Rs 1,17,21,593 for the financial years 2021-22 to 2023-24, and Rs 3,76,616 for the financial year 2024-25, under the relevant provisions of the Central Goods and Services Tax (CGST) Act.

Key details of the case

Particulars	Details
Issuance Authority	Assistant Commissioner (ST), Atchuthapuram Circle, Visakhapatnam II, Andhra Pradesh
Date of receipt	March 24, 2026
Demand for FY 021-22 to 2023-24	Rs. 1,17,21,593
Demand For FY 2024-25	Rs. 3,76,616

Company’s Further Step

The company is currently reviewing the details and deciding the next steps to challenge the decision before higher authorities, as allowed by law.

Financial Impact

The company has also stated that this matter does not have any significant impact on its financial position, operations, or overall business activities.