Voltas Limited has received an order from the Office of the Deputy Commissioner of State Tax, Surat, levying a penalty of ₹20.07 Lakhs. The penalty pertains to an incorrect declaration of vehicle type in an E-Way Bill. The company has confirmed that it is in the process of filing an appeal against the order and noted that there is no material impact on its financials, operations, or business activities.
Overview of the Tax Order
On May 12, 2026, Voltas Limited received an official order from the Deputy Commissioner of State Tax in Surat, Gujarat. The order imposes a financial penalty of ₹20.07 Lakhs. This administrative action was taken under the Gujarat Goods and Services Tax Act, citing discrepancies regarding the vehicle type declared on an E-Way Bill during transit.
Company Response and Operational Impact
In response to the levy, the company has stated that it is actively in the process of filing an appeal to contest the findings. Voltas has reassured stakeholders that this penalty will have no material impact on the company’s overall financial position, ongoing operations, or general business activities. The company maintains that its core functions remain unaffected by this specific regulatory matter.
Source: BSE
