7 months ago
Morepen Labs Secures Stay on GST Notice
Morepen Laboratories is a company that got a temporary pause on a notice from the government about some money they claimed back in taxes.
The government said they might have claimed too much, about ₹117.94 crore.
The company went to court, and the court said the government can't do anything about it right now.
This means the company can keep doing business as usual.
The company's stock price went down a little today, but that's not directly because of this news.
The company also recently had some changes in its profits and sales, but that's a different story.
Morepen Laboratories secured a stay on a GST show cause notice from the High Court of Himachal Pradesh.
The notice alleged erroneous GST refund claims amounting to ₹117.94 crore.
The stay was granted on January 6, 2026, and received by the company on January 8.
The company reported a decline in revenues but a significant increase in net profit for Q2FY2025-26.
The stock price closed at ₹40.32, down 2.89% from the previous trading session.
- Who
- Morepen Laboratories
- What
- Secured a stay on a GST show cause notice
- Where
- High Court of Himachal Pradesh, Shimla
- When
- Stay granted on January 6, 2026
- Why
- Alleged violation of GST rules and erroneous refund claims
Key facts
- Company
- Morepen Laboratories
- Notice Date
- December 2, 2025
- Alleged Violation
- Section 54 of the CGST Act, 2017, and Rule 89 of the CGST Rules, 2017
- Alleged Excess Refund
- ₹117.94 crore
- Court
- High Court of Himachal Pradesh, Shimla
- Stay Granted Date
- January 6, 2026
- Stock Price
- ₹40.32 (down 2.89%)
Sources
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