GST assessment order of Rs 5.83 crore for FY19 received; company to appeal
WAAREEENER · price
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Waaree Energies received a GST assessment order from the Maharashtra State Tax department for the tax period April 2018 to March 2019, alleging the company wrongly availed Input Tax Credit and did not cross-charge common ITC. The demand totals Rs 5,83,34,657 (about Rs 5.83 crore). The company states there is no impact on its financials, operations or other activities, and will file an appeal before the appropriate authority within prescribed timelines.
Rs 5.83 crore tax demand under appeal. Company claims no financial impact, but an adverse ruling could lead to cash outflow.