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Voltas Limited received an order from GST authorities dropping the previously reported tax demand of ₹30.22 crores. The company has been granted complete relief.
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.