SPARC gets GST notice for ₹46.04 crore

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Sun Pharma Advanced Research Company (SPARC) has received an order from the Office of the Commissioner of GST & Central Excise demanding payment of service tax along with penalty and interest aggregating to 46.04 crore. However, the company will contest the demand and file an appeal against the order within the stipulated time, it said in a notice to the stock exchanges. Shareholders of SPARC will closely monitor the development.

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