Tax & Penalty19 Jun 2026, 08:20 pm
VA Tech Wabag Receives GST Order for ₹6.46 Cr Demand
AI Summary
VA Tech Wabag Ltd has received an order from the GST authorities rejecting its rectification application concerning an assessment for FY 2019-20. The order includes a demand of ₹5,71,22,863/- for basic tax, ₹18,37,662/- for interest, and ₹57,27,163/- for penalty, totaling ₹6,46,87,687/-. The company stated that there is no material impact on its financial or operational activities and plans to pursue appropriate legal remedies, including filing an appeal.
Key Highlights
- GST authorities rejected VA Tech Wabag's rectification application.
- Demand includes ₹5.71 Cr tax, ₹18.37 Lakh interest, ₹57.27 Lakh penalty.
- Total demand amounts to ₹6.46 Cr.
- Company plans to file an appeal against the order.
- No material impact on financial or operational activities reported.
Price Impact
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