Waaree Energies receives GST assessment order of ₹5.83 Crore

Waaree Energies Limited has received an assessment order from the Assistant Commissioner of State Tax (INV-0101), Investigation-A, Mumbai. The order, issued under Section 74 of the Central Goods and S...

Waaree Energies Limited has received an assessment order from the Assistant Commissioner of State Tax (INV-0101), Investigation-A, Mumbai. The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017 and related acts, pertains to the tax period April 2018 to March 2019. The total aggregated amount demanded in the assessment order is ₹5,83,34,657 (INR 5.83 Crore). The alleged contraventions include availing ineligible Input Tax Credit (ITC) and not carrying out cross-charging of common Input Tax Credit. The company has stated that there is no impact on its financials, operations, or other activities. Waaree Energies is in the process of taking appropriate steps to address the matter, including filing an appeal before the appropriate authority within the prescribed timelines. The company received the intimation of this order on December 23, 2025, at 16:20 p.m. (IST).

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Why is Waaree Energies Limited in the news today?

Waaree Energies Limited (WAAREEENER) is in the news due to the company has received a tax assessment order, which is a negative development. however, the company has stated that there is no impact on its financials and operations and it plans to appeal the order, which mitigates the negative sentiment.

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Waaree Energies receives GST assessment order of ₹5.83 Crore

December 23, 2025, 01:43 PM

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Waaree Energies Limited has received an assessment order from the Assistant Commissioner of State Tax (INV-0101), Investigation-A, Mumbai. The order, issued under Section 74 of the Central Goods and Services Tax Act, 2017 and related acts, pertains to the tax period April 2018 to March 2019.

The total aggregated amount demanded in the assessment order is ₹5,83,34,657 (INR 5.83 Crore). The alleged contraventions include availing ineligible Input Tax Credit (ITC) and not carrying out cross-charging of common Input Tax Credit.

The company has stated that there is no impact on its financials, operations, or other activities. Waaree Energies is in the process of taking appropriate steps to address the matter, including filing an appeal before the appropriate authority within the prescribed timelines. The company received the intimation of this order on December 23, 2025, at 16:20 p.m. (IST).

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