Voltas: GST demand reduced from about 31.77 crores to 0.14 lakhs
VOLTAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Midcap 150 and 0.5 pts more 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 informed that a Central GST Commissionerate order dated 12 Dec 2025 has cut an earlier tax demand of about 31.77 crores to roughly 14,000 rupees, retaining applicable interest and penalty. The demand related to alleged wrongful input tax credit and non-payment of GST for FY2018-19 to FY2020-21, originally flagged through a Show Cause Notice on 1 July 2025. The company is evaluating the order and will decide on next steps.
Positive for shareholders as a large tax demand has been cut to a negligible amount, though final liability including interest and penalty is being assessed.