Voltas Limited has received a Show Cause Notice from the Office of the Deputy Commissioner State Tax alleging wrongful availment of Input Tax Credit and short payment of tax for the financial year 2022-23. The notice proposes a demand of ₹15.43 crores, along with interest and a penalty of ₹14.79 crores. The company is currently evaluating the matter and will submit its reply within the stipulated time. Voltas stated that this notice has no material impact on its financials, operations, or other activities.
Show Cause Notice Issued to Voltas
Voltas Limited announced on September 21, 2026, that it has received a Show Cause Notice from the Deputy Commissioner State Tax, Andheri East, Mumbai. The notice, dated September 18, 2026, concerns allegations related to the financial year 2022-23. Specifically, the authorities allege wrongful availment of Input Tax Credit and short payment of tax under the Central Goods and Services Tax Act, 2017, the Maharashtra Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017.
Proposed Tax Demand and Penalty
The notice seeks to demand a tax amount of ₹15.43 crores. In addition to the principal tax demand, the company is also being asked to explain why an amount of ₹14.79 crores should not be demanded as interest and penalty. This represents a significant potential financial liability for the company.
Company’s Response and Impact Assessment
Voltas Limited has stated that it is currently evaluating the implications of this notice. The company has committed to submitting its comprehensive reply within the prescribed time period. Importantly, Voltas has clarified that, at this stage, there is no material impact on the company’s financials, ongoing operations, or any other business activities as a result of this notice. The company received the notice after office hours on Friday, September 18, 2026, and is filing this disclosure on the next working day, Monday, September 21, 2026.
Source: BSE
