Welspun Speciality Solutions Ltd faces a Rs 4.49 crore GST demand order from Bharuch's Deputy Commissioner, including Rs 4.08 crore tax plus interest and Rs 40.87 lakh penalty for FY 2021-22 over alleged excess export refunds. Received December 29, 2025, the company deems it meritless, plans appeal, and sees no financial or operational impact.
Welspun Speciality Solutions Ltd received a GST order on December 29, 2025, from the Deputy Commissioner of State Tax in Bharuch, Gujarat, confirming a tax demand of Rs 4.08 crore plus Rs 40.87 lakh penalty for FY 2021-22. The dispute involves alleged excess GST refund claims on exports. The company plans to appeal, viewing the order as meritless with no material financial or operational impact.
Order Overview
The order in Form GST DRC-07, dated December 24, 2025 and received today, pertains to FY 2021-22 under Sections 50 and 73 of the CGST and GJGST Acts, 2017. It demands Rs 4,08,79,908 in tax with applicable interest, alongside a penalty of Rs 40,87,991. Total exposure stands at approximately Rs 4.49 crore.
Key Order Details
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Name of authority: Deputy Commissioner of State Tax, Bharuch, Gujarat
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Period: FY 2021-2022
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Violation alleged: Excess GST refund claim on export of goods
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Date of receipt: December 29, 2025
Company Response
Welspun Speciality Solutions is filing an appeal before the First Appellate Authority. Management asserts the demand lacks merit and expects it to be set aside, foreseeing no significant impact on finances, operations, or other activities.
Sources: BSE/NSE Exchange Filings (Company Disclosure, December 29, 2025); GST Portal Records.