Tax & Penalty19 Jun 2026, 08:40 pm
VA Tech Wabag GST Demand Reduced to ₹1.98 Lakhs
AI Summary
VA Tech Wabag Ltd has received a favourable rectification order from the GST authorities in Uttar Pradesh. The original GST demand order, which was for INR 43,73,666/- for alleged excess ITC claim for FY 2019-20, has been quashed and reduced to INR 1,97,880/-. This reduced amount, comprising basic tax, interest, and penalty, will be discharged by the company. The company states there is no material impact on its financial, operational, or other activities.
Key Highlights
- GST demand order for FY 2019-20 rectified by authorities.
- Original demand of ₹43.74 Lakhs reduced to ₹1.98 Lakhs.
- Reduced amount includes tax, interest, and penalty.
- No material financial or operational impact on the company.
Price Impact
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