New Delhi, Aug. 14 -- In a relief to yoga guru Ramdev-founded Patanjali Ayurved Ltd, the Supreme Court on Thursday stayed the recovery of a Rs.273.5 crore goods and services tax (GST) penalty imposed on the consumer goods company by the Directorate General of GST Intelligence (DGGI).

A bench of Justices P.S. Narasimha and A.S. Chandurkar issued notices to the Union government and DGGI on Patanjali's appeal, directing that the penalty be stayed until further orders.

The court also agreed to examine the Allahabad High Court's ruling that had upheld the levy.

The case stems from DGGI receiving information about alleged suspicious tax credit claims and fake invoicing involving companies supplying goods to Patanjali's manufacturing units in...