Intimation for receipt of Order from GST Authorities
WABAG · price
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Awaiting price reaction for this filing.
VA Tech Wabag has received a GST demand order dated March 6, 2026, from the Deputy Commissioner's office in Uttar Pradesh, alleging excess Input Tax Credit (ITC) claim for FY 2019-20 under Section 74 of the CGST Act. The total demand is around Rs 43.74 lakh, comprising basic tax of Rs 13.87 lakh, interest of Rs 15.99 lakh, and penalty of Rs 13.87 lakh. The company has stated there is no material impact on its financial or operational activities and will be filing an appeal against the order. This is a routine tax-related order from a state GST authority, not from SEBI or any court.
The demand amount of roughly Rs 44 lakh is small relative to the company's size and is described as having no material financial impact. Shareholders are unlikely to see a meaningful stock reaction, though investors should watch the appeal outcome. Section 74 proceedings are serious in nature as they involve penalty, but the quantum here is minor.