Schneider Electric Infrastructure Limited has received a demand order from the Office of Assistant Commissioner, CGST Commissionerate – II, Division III, Pune, concerning the wrong availment of Input Tax Credit (ITC). The order, dated November 24, 2025, pertains to FY 2018-19 and 2021-22 & 2022-23. The company is evaluating appropriate legal remedies. The tax and penalty each amount to ₹28,11,898.
Demand Order Details
Schneider Electric Infrastructure Limited has received a demand order related to the availment of Input Tax Credit (ITC). The order was issued by the Office of Assistant Commissioner, CGST Commissionerate – II, Division III, Pune.
Financial Implications
The demand order specifies the following amounts for different fiscal periods:
The issue arises from FY 2018-19 and 2021-22 & 2022-23 with a tax amount of ₹28,11,898 and a penalty of ₹28,11,898, as well as applicable interest on the tax amount.
Company Response
The company is currently evaluating appropriate legal remedies in response to the demand order.
Impact Assessment
According to the company, there is no material impact on the financials, operations, or other routine business activities. The impact will be limited to the extent of liability as per the Order.
Source: BSE