Schneider Electric Infrastructure Ltd: GST Appeal Rejected

Schneider Electric Infrastructure Ltd has received an Order-in-Appeal from the Joint Commissioner, CGST & CX, Kolkata, rejecting its appeal against an earlier order. The original order demanded ₹5,04,071 for excess transitional input tax credit claimed for FY 2017-18, along with penalty and interest. The appellate authority upheld the demand, interest, and penalty, totaling ₹10,08,142 plus applicable interest. The company stated there is no material impact on its financials or operations and is evaluating legal remedies.