Vardhman Special Steels fined ₹11.56 lac by GST authorities
Vardhman Special Steels Limited (VSSL) has received an order imposing a penalty of ₹11.56 lac from the Superintendent, Central Tax, Range-V, Division-IV (Chakan), Pune. The penalty was imposed due to ...
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Why is Vardhman Special Steels Limited in the news today?
Vardhman Special Steels Limited (VSSL) is in the news due to the company received a penalty, which is negative, but it is appealing the decision and stated it has no material impact, balancing the sentiment to neutral.
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Vardhman Special Steels fined ₹11.56 lac by GST authorities
December 20, 2025, 09:46 AM
Vardhman Special Steels Limited (VSSL) has received an order imposing a penalty of ₹11.56 lac from the Superintendent, Central Tax, Range-V, Division-IV (Chakan), Pune. The penalty was imposed due to a second e-way bill generated by a customer, referencing an invoice raised by VSSL to that customer.
The Company received this order on December 15, 2025. VSSL is currently in the process of filing an appeal against this order before the Additional Commissioner (Appeals - 1), Central Excise & GST, Pune.
Vardhman Special Steels has stated that this order does not have any material impact on its financial, operational, or other activities.
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