Image Source : Indira Securities
Whirlpool of India Ltd faces a ₹36.8 million tax demand plus penalty from GST authorities, linked to input tax credit or procedural lapses under CGST Act. The company will review and respond, maintaining standard operations amid frequent tax notices in FY25-26.
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Tax Notice Details
Whirlpool disclosed receiving a GST order imposing ₹36.8 million in tax liability and penalties, continuing a series of demands in 2025. Prior notices included ₹20.9 million ITC disallowance (Feb 2025) and transportation penalties (Nov 2024), reflecting intensified scrutiny on home appliance majors.
Company Response
The BSE-listed firm, part of Whirlpool Corporation, plans to assess the order and file appeals if needed, as per Reg 30 disclosures. No material financial impact stated; operations remain unaffected amid Q2 profit dip from weak fridge demand.
Key Highlights
Demand Amount: ₹36.8 Mn tax + penalty under CGST provisions.
Recent Precedents: ₹20.9 Mn ITC notice (Feb '25); ₹4.26 lakh transport fine.
Legal Path: Company to evaluate, appeal via GST appellate process.
Business Context: Follows SC win on transfer pricing; ongoing GST compliance focus.
Sector Trend: Heightened audits on consumer durables post-GST reforms.
Sources: Marketscreener, StockInsights, Economic Times
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