Legal1 April 2026 at 01:01 pm
Waaree Energies' Total GST Demand Significantly Reduced to ₹23,62,494 for FY 2017-18 and ₹25,86,704 for FY 2018-19
AI Summary
Waaree Energies Ltd. has received an order from the Joint Commissioner of State Tax, IV Bandra, Mumbai (Appellate Authority), significantly reducing the total GST demand for the financial years 2017-18 and 2018-19. The demand was reduced to ₹23,62,494 and ₹25,86,704 from ₹6,95,25,249 and ₹6,02,70,052, respectively. Additionally, the Assistant Commissioner of State Tax, Maharashtra, issued an assessment order under Section 74 of the Central Goods and Services Tax Act, 2017 for the tax period April 2019 to March 2020, amounting to ₹7,52,36,584. The company is evaluating and addressing this matter, including filing an appeal before the appropriate authority if needed.
Key Highlights
- Total GST demand for FY 2017-18 and 2018-19 significantly reduced
- Order issued by Joint Commissioner of State Tax, IV Bandra, Mumbai (Appellate Authority)
- Assessment order under Section 74 of Central Goods and Services Tax Act, 2017 for tax period April 2019 to March 2020
- Company evaluating and addressing the matter
- Potential filing of an appeal before the appropriate authority