Godfrey Phillips India Limited has informed stock exchanges about receiving a GST order imposing a penalty of ₹24.72 lakh for alleged violations under the Goods and Services Tax laws. The company disclosed this development through a regulatory filing dated January 7, 2026, pursuant to Regulation 30 of SEBI's listing regulations.

GST Order Details

The order was passed by the Office of the Assistant Commissioner/GSTO, Delhi, and was downloaded by the company from the GST portal on January 6, 2026, at 5:02 PM. The penalty has been imposed under multiple GST legislations including the Central Goods and Services Tax Act, 2017, the Delhi Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017.

Alleged Violations

The GST order specifically relates to alleged irregular availment and utilization of Input Tax Credit (ITC) under the GST laws. The order includes demand for GST with interest along with the penalty component. Input Tax Credit violations are among the common areas of GST scrutiny, where tax authorities examine the legitimacy of credit claims made by businesses.

Company's Response and Impact Assessment

Godfrey Phillips India has stated that the order has no material impact on the company's financials, operations, or other activities. The company is currently evaluating all available options, including filing an appeal against this order. This suggests that the company may contest the allegations and the penalty imposed by the tax authorities.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references the SEBI Master Circular dated November 11, 2024, as amended by the SEBI Circular dated December 31, 2024, indicating adherence to the latest regulatory guidelines for such disclosures.

The company's prompt disclosure of the GST order demonstrates its commitment to maintaining transparency with stakeholders and regulatory compliance. The matter will likely be closely watched by investors as the company decides on its next course of action regarding the penalty order.

Godfrey Phillips India Limited has received a GST order imposing a penalty of ₹11.98 lakh for alleged irregularities in Input Tax Credit utilization. The company disclosed this development under SEBI regulations on December 30, 2025, stating that it is evaluating appeal options against the order.

GST Order Details

The Office of the Assistant Commissioner, CGST Delhi East Commissionerate issued the order under the Central Goods and Services Tax Act, 2017, and the Delhi Goods and Services Tax Act, 2017, read with the Integrated Goods and Services Tax Act, 2017. The company received the order on December 29, 2025, at 3:56 PM through email.

Nature of Alleged Violations

The GST authorities have alleged irregular availment and utilization of Input Tax Credit under the GST laws. The order includes demand for GST with interest along with the penalty component. The company has been charged under multiple GST acts including the Central GST Act, Delhi GST Act, and Integrated GST Act.

Company's Response and Impact Assessment

Godfrey Phillips India has stated that the order has no material impact on the company's financials, operations, or other activities. The company is currently evaluating all available options, including filing an appeal against this order. This disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI regulations by providing detailed information about the GST order. The disclosure includes all required particulars as mandated by SEBI Master Circular and subsequent amendments, ensuring transparency for stakeholders and investors.