Sterling and Wilson Renewable Energy Limited has received an order from the Additional Commissioner, CGST, Jaipur, Rajasthan, alleging a tax shortfall of INR 13.86 Crore and imposing a penalty of INR 13.86 Crore. The total demand, including applicable interest, amounts to approximately INR 27.72 Crore for the period of November 2020 to November 2021. The company is currently evaluating the order and its subsequent actions.
CGST Order Issued for Tax Shortfall
Sterling and Wilson Renewable Energy Limited has been issued an order by the Additional Commissioner, CGST, Jaipur, Rajasthan. This order pertains to an alleged shortfall of taxes for the period spanning from November 2020 to November 2021. The total demand, inclusive of taxes and penalties, aggregates to approximately INR 27.72 Crore, plus applicable interest.
Company’s Response to the Order
The company is currently in the process of thoroughly evaluating the details of this order. Sterling and Wilson Renewable Energy Limited is assessing the implications and will determine the future course of action based on this evaluation.
Source: BSE
