Voltas Limited announced that the GST demand related to Universal Comfort Products Limited (UCPL), which merged with Voltas, has been significantly reduced. Originally facing a demand of ₹265.25 crores for the financial years 2018-19 to 2020-21, the Commissionerate has reduced it to ₹10.77 crores, inclusive of interest and penalties. The company is evaluating the order and considering further action.
GST Demand Update
Voltas Limited has received an update regarding the Show Cause Notice (SCN) related to the Goods and Services Tax (GST) for Universal Comfort Products Limited (UCPL), which was merged with Voltas. The issue pertains to the financial years 2018-19 to 2020-21.
Reduction in Tax Demand
The Commissionerate has issued an order dated December 30, 2025, reducing the initially claimed tax demand of ₹265.25 crores to ₹10.77 crores. This revised amount includes applicable interest and penalty. The company is currently assessing the order and will determine the appropriate course of action.
Next Steps
Voltas is evaluating its options, including the possibility of filing an appeal. The company has already filed a writ petition with the High Court of Uttarakhand challenging the original SCN, which is currently awaiting a hearing.
Minimal Financial Impact
The company has stated that the reduction in GST demand has no material impact on its financials, operations, or other activities.
Source: BSE
