Zydus Wellness subsidiary faces Rs 56.33 crore GST demand over an intellectual property deal.

Zydus Wellness Ltd's subsidiary, Zydus Wellness Products Ltd, has received a GST demand of Rs 56.33 crore from Indian tax authorities, related to an intellectual property acquisition from Heinz Italia S.P.A. The company plans to review the demand and believes there is strong merit in its case. Zydus claims this has no impact on its operations or finances and may seek indemnification from Heinz Italia S.P.A.

3 months ago
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