GST Authority Rejects Rectification Application for VA Tech Wabag Limited; Total Demand Stands at INR 6,46,87,687/-
VA Tech Wabag Limited has received a demand order from the Office of the Principal Commissioner of Central Tax in Bengaluru regarding an assessment conducted under Section 73 of the CGST Act, 2017 for the financial year (FY) 2019-20. The authority rejected a rectification application that the company had filed to address errors apparent on the face of the record.The order, dated June 19, 2026, specified the demand amount following the rejection of the company's rectification request. This demand encompasses several components related to the original assessment.
As per the details provided by the authority, the financial breakdown of the assessed demand is as follows:
| Component | Amount (INR) |
|---|---|
| Basic Tax | 5,71,22,863/- |
| Interest | 18,37,662/- |
| Penalty | 57,27,163/- |
| Total Demand | 6,46,87,687/- |
VA Tech Wabag Limited stated that it will be pursuing all appropriate legal remedies concerning the order, which include filing an appeal with the relevant authority.
Regarding the impact of this matter on its operations, the company confirmed that there is no material impact on the financial, operational activities of VA Tech Wabag Limited.
WABAG Stock Price Movement
Today, VA Tech Wabag Limited shares surged to close at ₹1983.60, climbing 9.85% in post-market trading. The stock's robust performance saw it hit a new 52-week high, finishing strong after trading within a range of ₹1850 and ₹2009.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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