Schneider Electric Infrastructure Ltd: Appeal Rejected, ₹3.37 Cr Tax Demand Upheld

Schneider Electric Infrastructure Limited has received an Order-in-Appeal from the CGST Commissioner (Appeals), Gurugram. The appeal filed by the company against a rectification order concerning alleged excess Input Tax Credit and non-payment of GST for FY 2017-18 has been rejected as infructuous. The original demand order, including tax of ₹3,05,39,282 and penalty of ₹32,34,058, totaling ₹3,37,73,340, along with applicable interest, is upheld. The company had made a pre-deposit of ₹30,53,929. Schneider Electric Infrastructure is evaluating the order and considering appropriate legal remedies. The company states there is no material impact on its financials or operations beyond the liability amount.