Sterling and Wilson Renewable Energy receives GST order for ₹95.21 Lakhs
Sterling and Wilson Renewable Energy Limited has disclosed the receipt of an order from the Assistant Commissioner, CGST, Jaipur, Rajasthan. This order pertains to a mismatch in input tax credits for ...
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Why is Sterling and Wilson Renewable Energy Limited in the news today?
Sterling and Wilson Renewable Energy Limited (SWSOLAR) is in the news due to the announcement reports a tax order, which is a routine regulatory disclosure. while it involves a financial amount, it is covered by an indemnity agreement, and the company is still evaluating the situation, making the immediate impact neutral.
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Sterling and Wilson Renewable Energy receives GST order for ₹95.21 Lakhs
December 24, 2025, 10:21 AM
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Sterling and Wilson Renewable Energy Limited has disclosed the receipt of an order from the Assistant Commissioner, CGST, Jaipur, Rajasthan. This order pertains to a mismatch in input tax credits for the period spanning April 2018 to March 2020, with an aggregate amount of approximately ₹95.21 lakhs, excluding penalty and applicable interest.
The company has stated that this matter is covered under an indemnity agreement previously entered into between Sterling and Wilson Renewable Energy Limited, Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala.
Sterling and Wilson Renewable Energy Limited is currently in the process of evaluating the order and will determine the future course of action. The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations.
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