Voltas Limited Receives GST Demands Totaling ₹4.35 Crores
Voltas Limited announced on December 18, 2025, that it has received orders from GST authorities demanding a total of ₹4.35 crores in tax, along with applicable interest and penalties. The demands are ...
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Why is Voltas Limited in the news today?
Voltas Limited (VOLTAS) is in the news due to the company has received gst demands, which is a negative development. however, the company is contesting these demands by filing appeals and has stated that there is no material impact on its financials, operations, or other activities. this mitigates the negative sentiment.
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Voltas Limited Receives GST Demands Totaling ₹4.35 Crores
December 18, 2025, 06:51 AM
Voltas Limited announced on December 18, 2025, that it has received orders from GST authorities demanding a total of ₹4.35 crores in tax, along with applicable interest and penalties. The demands are related to the financial year 2021-22 and allege understatement of liability or ineligible Input Tax Credit (ITC) claims.
The company received three separate orders: one from the Assistant Commissioner, State Tax, Cuttack, Odisha, for ₹1.37 crores in tax, ₹0.90 crores in interest, and ₹0.14 crores in penalty. Another order came from the Assistant Commissioner, State Tax, Ropar, Punjab, demanding ₹1.46 crores in tax, ₹1.14 crores in interest, and ₹0.15 crores in penalty. The third order was from the Assistant Commissioner, Central Tax, Ameerpet, Hyderabad, Telangana, for ₹1.51 crores in tax and a penalty of ₹0.15 crores.
Voltas Limited is in the process of filing appeals against these orders. The company stated that these demands have no material impact on its financials, operations, or other activities.
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