VA Tech Wabag Limited has filed a disclosure under SEBI Listing Regulations (Reg. 30) regarding the receipt of a rectification order from GST authorities.
The disclosure references a previous intimation dated March 06, 2026, concerning a GST demand order from the Office of the Deputy Commissioner, GST Commissionerate, Uttar Pradesh. The original order alleged an excess Input Tax Credit (ITC) claim for the Financial Year 2019-20 under Section 74 of the CGST Act for a total amount of ₹43,73,666.
The company has now received a favorable rectification order dated June 19, 2026, from the same authorities. This new order has quashed the original demand. The liability has been significantly reduced to a new total of ₹1,97,880, which the company has stated it will duly discharge.
The breakdown of the reduced demand, as provided in Annexure-I, is as follows:
- Basic Tax: ₹61,664
- Interest: ₹74,552
- Penalty: ₹61,664
- Total: ₹1,97,880
The company has explicitly stated that, based on this reduced amount, "There is no material impact on the financial, operations or other activities of the Company."
The disclosure was signed by Anup Kumar Samal, Company Secretary & Compliance Officer, and is in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.