Voltas Ltd Fined ₹16.36 Lakhs by Uttarakhand Tax Officer

Voltas Ltd has received an order from the Office of the State Tax Officer, Uttarakhand, levying a penalty of ₹16.36 Lakhs. The penalty is under Section 129 of the Uttarakhand Goods and Services Tax Act, 2017, for the expiry of E-Way Bill validity during goods transportation. The company is in the process of filing an appeal against this order. Voltas has stated that this penalty will not have a material impact on its financials, operations, or other activities.