GST order for Rs 6.85 lakh input tax mismatch, penalty in FY19 period
SWSOLAR · price
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Sterling and Wilson Renewable Energy (SWSOLAR) received a GST order from Haryana SGST authorities for input tax credit mismatch of about Rs 6.85 lakh for FY 2018-19. Along with an equal penalty and applicable interest, total exposure is around Rs 13.70 lakh plus interest. The company says there is no material impact on operations and is evaluating the order to decide its next step. The amount is very small relative to the company's size.
Very small tax dispute with negligible financial impact. No material effect on operations. Likely insignificant for shareholders.