Voltas gets GST show cause notice for Rs 15.43 crore tax demand
VOLTAS · price
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On the reaction day the stock moved 3.6 pts less than Nifty Midcap 150 and 2.9 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Voltas received a GST show cause notice on 18 Sept 2026 from the Maharashtra State Tax office, Andheri East, for FY2022-23. The notice alleges wrongful Input Tax Credit claims and short payment of tax, proposing a tax demand of Rs 15.43 crore along with interest and penalty of Rs 14.79 crore. The company is evaluating the matter and will file its reply within the prescribed time. Voltas has stated there is no material impact on its financials, operations, or other activities.
Total exposure is about Rs 30 crore in tax plus penalty. Company says no material impact, but investors should watch for reply outcome and any escalation.