Sterling and Wilson Renewable Energy receives GST order of ₹11.79 Crore
Sterling and Wilson Renewable Energy Limited has received an order from the Deputy Commissioner of State Taxes, Audit-V, Mumbai, concerning a mismatch of input tax and a shortfall in taxes paid for th...
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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 company has received an order from tax authorities for a significant amount, including penalties and interest, which is a negative development.
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Sterling and Wilson Renewable Energy receives GST order of ₹11.79 Crore
December 31, 2025, 04:38 PM
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Sterling and Wilson Renewable Energy Limited has received an order from the Deputy Commissioner of State Taxes, Audit-V, Mumbai, concerning a mismatch of input tax and a shortfall in taxes paid for the period April 2021 to March 2022.
The total amount aggregated to approximately ₹11.79 Crores, including penalty and applicable interest as of the order date. This matter is partially covered under an indemnity agreement previously entered into by the Company with Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited, and Mr. Khurshed Daruvala.
The company is currently evaluating the order and determining its future course of action.
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