Voltas Legal & Regulatory
Voltas received a Show Cause Notice from State Tax authorities alleging wrongful Input Tax Credit and short tax payment for FY 2022-23.
- Value
- ₹30.22 Cr
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Voltas received a Show Cause Notice from State Tax authorities alleging wrongful Input Tax Credit and short tax payment for FY 2022-23.
Voltas announced that Qatar's Court of Cassation dismissed an appeal filed by OHL&C. This ruling reinforces the previous order requiring OHL&C to pay outstanding dues.
Voltas received a ₹0.16 Crore GST penalty for an expired E-Way Bill. The company is appealing, with no material financial impact.
Voltas received a ₹0.20 Crore GST penalty for incorrect vehicle type declarations in E-Way Bills. The company expects no material financial impact and plans to file an appeal.
Voltas secured a favorable Qatar Court of Appeal judgement involving ₹963.26 Crore in payments and bank guarantee returns. This significantly resolves long-pending material litigation.