Voltas Limited has informed the Exchange about Action(s) initiated or orders passed
VOLTAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Voltas Limited has disclosed receipt of an order dated 12th May, 2026 from the Office of the Deputy Commissioner of State Tax, Surat, Gujarat. The authority has levied a penalty of ₹20.07 lakhs under Section 129(1)(a) of the Gujarat Goods and Services Tax Act, 2017. The penalty was imposed for incorrect declaration of vehicle type in the E-Way Bill, which is a procedural compliance requirement under GST law. The company has stated that there is no material impact on its financials, operations, or other activities. The company is in the process of filing an appeal against this order.
This is a relatively small tax penalty of ₹20.07 lakhs against a large company like Voltas, and the company has explicitly stated there is no material impact. The appeal process suggests the company disputes the penalty, which may result in reduction or reversal. For shareholders, this is a minor compliance matter with negligible financial implications.