Om Power Transmission Limited Receives Tax Order Directing Reversal of Input Tax Credit
Om Power Transmission Limited confirmed that it received an order on May 30, 2026, from the Office of the Deputy Commissioner, State Tax, Ahmedabad. The order concerns a tax directive pertaining to the company's Input Tax Credit (ITC).The tax authority passed the order directing the reversal of Input Tax Credit amounting to Rs. 11,60,838/- (Rupees Eleven Lakh Sixty Thousand Eight Hundred Thirty-Eight only). This directive is based on the alleged incorrect availment of ITC by the company for the Financial Year 2015-16, under the applicable provisions of the Gujarat Value Added Tax Act, 2003.
The details regarding the order are summarized below:
| Particulars | Description |
|---|---|
| Authority Name | Office of the Deputy Commissioner, State Tax, Ahmedabad |
| Date of Order Receipt | May 30, 2026 |
| Period Concerned | Financial Year 2015-16 |
| Nature of Directive | Reversal of Input Tax Credit (ITC) |
| Amount Directed for Reversal | Rs. 11,60,838/- |
The company noted that the financial implication of this order is limited solely to the reversal of the ITC amount. Om Power Transmission Limited stated that the order does not have any material impact on the operational or other activities of the company.
OMPOWER Stock Price Movement
On Friday, Om Power Transmission Limited shares shed 2.80% of their value to settle at ₹170.69. The equity traded on a volume of 705,861 shares, finishing significantly below its open, which had been ₹182.71.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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