Waaree Energies has received a penalty of ₹85,09,810 related to GST obligations on subsidies for rooftop solar panel installations. The penalty was imposed by the Assistant Commissioner, Central GST & Central Excise Division-IV, Surat. The company is appealing the order, believing the GST demand on the subsidy amount is not legally sound.
GST Penalty Imposed
Waaree Energies has received an order imposing a penalty of ₹85,09,810. This penalty is related to Goods and Services Tax (GST) payments concerning subsidy amounts for the installation of rooftop solar panel systems intended for residential consumers.
Penalty Details
The order was issued by the Assistant Commissioner, Central GST & Central Excise Division-IV, Surat. The penalty was imposed under specific sections of the CGST and Gujarat GST Acts. Waaree Energies received official intimation of the order on December 1, 2025, at 11:18 A.M. (IST) via email.
Company Response
Waaree Energies has already paid the demanded GST along with interest. However, the company does not believe the imposition of GST, interest, and penalties is legally justified. Therefore, Waaree Energies is taking the necessary steps to appeal against the order and will present its case before the appropriate authority.
Source: BSE
