Key Quantitative Figures
- Refund amount sanctioned: INR 2,96,303
- Original demand that was set aside: INR 58,25,872
- Financial year pertaining to the refund: 2019-20
Dates of Action
- Appellate order date: May 11, 2026
- Previous disclosure date: May 12, 2026
- Refund sanction order date: September 16, 2026
- Current disclosure date: September 17, 2026
Parties Involved
- Regulatory Authority: State Tax Officer, Maharashtra GST Department, PUN-NOD-C-0120, Pimpri Colony, 1st Floor, Old Building, GST Bhavan, Airport Road, Yerawada, Pune-411006
- Authority that passed appellate order: Deputy Commissioner of State Tax (Appeal) PUN-APP-E-0101, Nodal Division-1, Zone-1, Pune
- Company representative: Sapna Bhatia, Company Secretary & Compliance Officer
Financial Impact
- GST refund of INR 2,96,303 has been sanctioned in favor of the Company
- The amount has been credited to the electronic credit ledger
- The disclosure explicitly states there is no adverse impact on financial, operational or other activities of the Company
Purpose and Context
The refund sanction order is consequential to the favorable appellate order dated May 11, 2026 (disclosed on May 12, 2026) that set aside a demand of INR 58,25,872. The refund specifically pertains to the pre-deposit of INR 2,96,303 made for filing the appeal for FY 2019-20.
#Tags: #SchneiderElectricPresident #GSTRefund #SEBIDisclosure #RegulatoryCompliance #TaxMatter #Neutral