Waaree Energies received an assessment order from the Assistant Commissioner of State Tax, Mumbai, related to discrepancies in Input Tax Credit (ITC) claims. The assessment, totaling INR 5,83,34,657, covers the tax period from April 2018 to March 2019. The company is currently taking steps to address the matter, including filing an appeal.
Tax Assessment Order Received
Waaree Energies has been issued an assessment order by the Assistant Commissioner of State Tax (Mumbai) concerning discrepancies related to Input Tax Credit (ITC). The company received the order on December 23, 2025.
Details of the Assessment
The assessment order, pertaining to the period from April 2018 to March 2019, amounts to INR 5,83,34,657. The issue relates to the availment of ineligible Input Tax Credit and the absence of cross-charging of common Input Tax Credit during that period.
Company Response
Waaree Energies is taking appropriate steps to address this matter. This includes preparing to file an appeal before the relevant authority. The company believes there will be no significant impact on its financials or operations due to this matter. As of December 23, 2025, at 16:20 p.m. (IST) the company received the official intimation.
Source: BSE