Voltas Receives ₹265 Crore GST SCN for Alleged Short Payment

Voltas Limited, a leading Tata Group company in the air conditioning and engineering solutions sector, has received a Show Cause Notice from the Central GST Commissionerate, Dehradun, alleging short payment of GST amounting to Rs. 265.25 crore for the financial years 2018-19 to 2020-21.

The notice has been issued under the Central Goods and Services Tax Act, 2017, the Uttarakhand GST Act, 2017, and the Integrated GST Act, 2017. It pertains to transactions carried out by Universal Comfort Products Limited (UCPL), a company that merged with Voltas during the financial year 2020-21. The GST authorities have sought an explanation from Voltas on why the tax amount should not be recovered from the company along with applicable interest and penalty.

Voltas, in its report, confirmed that it received the Show Cause Notice on July 1, 2025, at 5:09 p.m. The company has stated that it is currently evaluating the matter and will submit its reply to the authorities within the prescribed timeline. Voltas has assured stakeholders that it will handle the matter as per legal and regulatory requirements.

The company’s communication, signed by Ratnesh Rukhariyar, Company Secretary & Compliance Officer, emphasizes that the update is shared in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, ensuring transparency with shareholders and the market.

About Voltas

Founded in 1954, Voltas Limited is part of the Tata Group and is one of India’s most recognized brands in the air conditioning, cooling, and engineering solutions space. The company provides a wide range of products and services, including air conditioners, air coolers, and commercial refrigeration solutions, and has also expanded into the home appliances segment.

Voltas recently reported a 12% increase in revenue for Q4 FY2024-25, driven by strong demand for residential air conditioners and commercial cooling products, despite challenges in input costs. The company’s continued focus on expanding its product range and strengthening its distribution network has helped maintain its leadership position in the Indian market. Voltas is also focusing on energy-efficient products to align with sustainability goals and consumer preferences.

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