🚨 GST Dept Fines Rs 2.64 Lakh on Pidilite, Adhesive Maker Expects Favourable Outcome at Appellate Level

🏢 Pidilite Industries, a leading adhesive, waterproofing solutions and construction chemicals maker on Saturday said a fine of Rs 2.64 lakh has been imposed on the company by the GST department. 🤔 The company, however, expects a favourable outcome at the appellate level.

💡Based on the company’s assessment, prevailing law and the legal advice of the external counsel, Pidilite Industries “reasonably expects" a favourable outcome after it challenges the penalty at the appellate level, the company said in a regulatory filing.