Announced Sat, 27 Jun · 19:34 IST
Sterling and Wilson Renewable Energy gets revised GST demand of INR 2.97 crore
Regulatory & Legal View source PDF
SWSOLAR · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹245.85
prior close
₹245.85
base price
After-mkt
timing
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-1.3-1.9-2.1-1.2-1.2+0.3+0.9+0.4-0.1-5.3-12.8———
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AI summary
Sterling and Wilson Renewable Energy informed exchanges that the Assistant Commissioner of CGST, Vijayawada has revised the GST demand against the company from INR 2.96 crore to INR 2.97 crore (excluding interest and penalty). This pertains to shortfall in tax payment and input tax credit mismatch for the period April 2018 to March 2023. The company has stated there is no material impact and is evaluating the order to decide future action.
Likely market impact
Marginal upward revision in GST demand; company says no material impact. Minor tax-related overhang for shareholders.