Voltas Limited has informed the Exchange about receipt of show cause notice.
VOLTAS · price
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Voltas Limited has received a Show Cause Notice from the Central GST Commissionerate in Dehradun alleging short payment of GST for financial years 2018-19 to 2020-21. The alleged short payment relates to Universal Comfort Products Limited, which merged with Voltas in FY 2020-21. The tax demand is for Rs. 265.25 crores, along with applicable interest and penalty. The company is evaluating the matter and plans to submit its reply within the prescribed time. The notice was received on 1st July 2025.
A potential tax demand of Rs. 265.25 crores (plus interest and penalty) is material relative to Voltas's earnings, but this is only a preliminary show cause notice — not a final order. The actual financial impact depends on the outcome of the company's reply and any further adjudication. Investors should monitor for updates, but near-term impact may be limited as the matter is still in early stages.