Sterling and Wilson Renewable Energy Limited has received an order from the Assistant Commissioner, CGST, Bhuj, Gujarat, regarding the recovery of an excess refund payment. The order pertains to Rs. 1.85 Crore plus interest, along with an equivalent penalty. The company is currently evaluating the order and is in the process of preparing and filing an appeal against it. The relevant period for the refund is December 2019.
Order for Refund Recovery
An order has been issued to Sterling and Wilson Renewable Energy Limited by the Assistant Commissioner, CGST, Bhuj, Gujarat. The order concerns the recovery of an excess refund payment amounting to Rs. 1.85 Crore, including applicable interest and an equivalent penalty. The company received the order on January 30, 2026, with the order itself dated January 29, 2026.
Company’s Response
Sterling and Wilson Renewable Energy Limited is currently evaluating the implications of the order. The company is in the process of filing an appeal against the CGST order. The original claim is associated with the period of December 2019.
Financial Impact Assessment
The company believes that this order will not have any material impact on the operations of the Company.
Source: BSE
