Voltas Limited announced that the tax demand related to the notice from the Commissioner of C.G.S.T. & Central Excise has been significantly reduced. The initial demand of ₹31.77 crores has been reduced to ₹0.14 lakhs following detailed submissions and explanations by the company. The new amount includes applicable interest and penalties. Voltas is currently evaluating the order.
Tax Demand Update
Voltas Limited received an update regarding the Show Cause Notice from the Office of the Commissioner C.G.S.T. & Central Excise. This update is regarding input tax credit and payment of GST for the years 2018-19 to 2020-21.
Significant Reduction in Demand
Based on the detailed submissions made by Voltas, the Commissionerate has reduced the tax demand. The initial demand was ₹31.77 crores, but with the order dated December 12th, 2025, the demand has been reduced to ₹0.14 lakhs (including applicable interest and penalty).
Company Evaluation
Voltas Limited is now evaluating the order and will decide on the appropriate course of action in response to the reduced tax demand. This represents a significant change from the initial notice and removes a large potential liability for the company.
Source: BSE
