Schneider Electric Infrastructure Limited has received an Order-In-Appeal regarding the alleged wrong availment of Input Tax Credit for the financial year 2019-20. The appeal confirms the previous order with a different penalty amount. The amount demanded totals ₹92,76,092 related to tax and penalty, and requires correction.
Order-In-Appeal Regarding Input Tax Credit
Schneider Electric Infrastructure Limited has received an Order-In-Appeal concerning the Input Tax Credit for the financial year 2019-20. This follows earlier intimations regarding the excess tax amount and penalty demanded by tax authorities.
Details of the Appeal Order
The Order-In-Appeal No. VAD-CGST-001-APP-JC-559-2025-26, dated November 28, 2025, was received from the Joint Commissioner CGST Appeals, Vadodara. It confirms the position taken in the previous order. However, the penalty demanded is different and may require correction.
Financial Impact
The appeal order demands a total of ₹92,76,092, which includes tax and penalty components. The company is assessing the impact and required corrections.
The breakdown of the demanded amount is as follows:
- IGST: ₹2,138
- CGST: ₹46,36,977
- SGST: ₹46,36,977
- Total: ₹92,76,092
Details of Violation
The issue pertains to the wrong availment of ineligible Input Tax Credit for the financial year 2019-20.
Impact on the Company
The company states that there is no material impact on the financials, operations, or other routine business activities. The impact is limited to the extent of the demand in the Appeal Order.
Source: BSE