Welspun Enterprises faces tax demand from GST appellate authority
Welspun Enterprises Limited announced on October 23, 2025, that it has received a GST order from the State GST Appellate Authority, Tamil Nadu. The order, issued by the first level appellate authority, upholds a tax demand of INR 9,00,00,000, along with applicable interest under Section 50 of the CGST Act, 2017/TNGST Act, 2017, and a penalty of INR 9,00,00,000 under Section 74 of the same acts.
The dispute pertains to the alleged availment of ineligible input tax credit on certain transactions during the fiscal year 2018-19, which the authority claims violates Section 16 of the CGST Act, 2017/TNGST Act, 2017. Welspun Enterprises asserts that the demand is not maintainable and plans to file an appeal before the tribunal.
Based on the company's assessment, it does not foresee a material impact on its financial, operational, or other activities despite the substantial demand.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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