Small Penalty, Big Questions: Voltas Faces ₹1.3 Million Tax Order

Voltas Ltd has received a tax penalty order totaling approximately ₹1.3 million, issued by GST authorities in connection with the disallowance of input tax credit (ITC) for past financial years. The penalty is part of a broader trend of tax scrutiny on the company, but Voltas maintains that the financial impact is minimal and is actively challenging the order.

 

Key Highlights:

The company remains committed to compliance and is taking all necessary legal steps to address the issue, signaling stability and transparency to shareholders.

 

Sources: Finance Saathi, MarketScreener, Economic Times