Tax & Penalty27 Jun 2026, 07:50 pm
Sterling and Wilson Renewable Energy: Revised Tax Demand of ₹2.97 Cr
AI Summary
Sterling and Wilson Renewable Energy Ltd has received a revised order from the Assistant Commissioner, CGST, Vijayawada, concerning a shortfall in tax payment and input tax credit mismatch for the period April 2018 to March 2023. The revised demand stands at approximately INR 2.97 crore, a slight increase from the previous demand of INR 2.96 crore, both excluding applicable interest and penalty. The company is currently evaluating the order to determine its next course of action. The filing also states there is no material financial impact on the company.
Key Highlights
- Revised tax demand of ~ INR 2.97 crore issued by CGST authorities.
- Demand pertains to tax payment shortfall and input tax credit mismatch.
- Period covered is April 2018 to March 2023.
- Company is evaluating the order and deciding future action.
- No material financial impact expected on the company.
Price Impact
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