Voltas has received an order demanding ₹22.87 Lakhs in tax from the Assistant Commissioner, Central GST Division, Rudrapur, Uttarakhand, related to an alleged excess availment of ISD credit for the financial year 2018-19. The company is challenging the order. The impact on financials, operations, or other activities is considered immaterial.
Tax Demand Received
Voltas has received an order from the Office of the Assistant Commissioner, Central GST Division, Rudrapur, Uttarakhand, on December 11, 2025. The order demands a tax of ₹22.87 Lakhs.
Details of the Demand
The tax demand relates to the alleged availment of excess Input Service Distributor (ISD) credit for the financial year 2018-19. In addition to the tax, the order includes applicable interest and a penalty of an equal amount, bringing the total demand to approximately ₹45.74 Lakhs.
Company Response
Voltas is in the process of filing an appeal against the said order. The company believes there will be no material impact on the financials, operations, or other activities due to this penalty. The announcement was made on December 12, 2025.
Source: BSE