Voltas Limited Gets Complete Relief as GST Department Withdraws Rs 15.43 Crore Tax Demand SCN:

Voltas Limited has informed the stock exchanges (National Stock Exchange of India Limited and Bombay Stock Exchange Limited) about the receipt of a Show Cause Notice (SCN) dated September 18, 2026.

The notice has been passed by the Office of the Deputy Commissioner, State Tax, Andheri East, Mumbai, Maharashtra (GST authorities), under the Central Goods and Services Tax Act, 2017, read with the Maharashtra Goods and Services Tax (MGST) Act, 2017, and the Integrated Goods and Services Tax (IGST) Act, 2017.

Through the notice, the company was alleged to have availed wrongful Input Tax Credit (ITC) and paid short tax for the financial year 2022-23. It was further informed by the GST authorities that they are enquiring why the tax amount of Rs 15.43 crores should not be demanded along with the interest and penalty of Rs 14.79 crores.

According to the disclosure made by the company, the GST Authority, vide an order issued on October 09, 2026, has accepted the arguments served by the company and has withdrawn the SCN dated September 18, 2026. Accordingly, the company has been granted complete relief.

The company had received the relief order on October 09, 2026, after office hours. Voltas Limited has made the aforementioned disclosure vide an Intimation dated October 12, 2026 (on the first working day after the receipt of the order), under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to the official intimation for complete information.