Voltas Limited has informed the Exchange about General Updates. Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Receipt of Show Cause Notice
VOLTAS · price
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Voltas Limited has received a Show Cause Notice from the Office of the Commissioner of C.G.S.T. & Central Excise, Commissionerate Indore, Madhya Pradesh, dated June 30, 2025. The notice alleges wrongful availment and utilization of inadmissible or irregular input tax credit, along with non-payment of GST, covering financial years 2018-19 to 2020-21. The tax authorities are seeking why a demand of Rs. 31.77 crores should not be raised, along with applicable interest and penalty. The company has stated it is evaluating the matter and will submit its reply within the prescribed time period. This is at the notice stage and no final order or demand has been issued yet.
The notice itself is not a final tax demand, so there is no immediate financial hit. However, if the demand is ultimately upheld, the company could face an outgo of Rs. 31.77 crores plus interest and penalty, which is modest relative to Voltas's overall size but is a negative overhang. Shareholders should watch for the company's response and any further developments.