Schneider Electric President Systems Gets ₹2.96 Lakh GST Refund
Schneider Electric President Systems Ltd has received a Refund Sanction Order for INR 2,96,303/- from the GST Authorities. This refund is consequential to a favorable appellate order dated May 11, 2026, where the demand of INR 58,25,872/- was set aside. The refund has been credited to the company's electronic credit ledger and does not have any adverse impact on its financial or operational activities. The company had previously communicated the appellate order on May 12, 2026.
Key Highlights
- Company receives GST refund of ₹2,96,303.
- Refund follows favorable appellate order setting aside demand.
- No adverse financial or operational impact expected.
- Refund credited to electronic credit ledger.
Price Impact
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