Sterling and Wilson Renewable Energy Limited faces revised GST demand totaling ~INR 2.97 crore
Sterling and Wilson Renewable Energy Limited has received an order from tax authorities concerning a revised demand for shortfall in tax payment and input tax credit mismatch spanning five financial years.The Assistant Commissioner of CGST, Vijayawada, Andhra Pradesh, issued the order dated June 18, 2026. This communication pertains to the period from April 2018 to March 2023.
As a result of the review, the revised demand aggregates to approximately INR 2.97 crore, excluding applicable interest and penalty. This figure is an increase compared to the earlier demand, which was cited at around INR 2.96 crore (also excluding applicable interest and penalty).
The company has stated that it is currently evaluating the contents of the order and is in the process of deciding its future course of action regarding the matter.
The details regarding the GST authorities' order and the demand assessment are summarized below:
| Assessment Detail | Previous Demand (Excl. Penalties) | Revised Demand (Excl. Penalties) |
|---|---|---|
| Amount | ~ INR 2.96 crore | ~ INR 2.97 crore |
| Period Covered | April 2018 to March 2023 | April 2018 to March 2023 |
The company reported that there is no material impact on Sterling and Wilson Renewable Energy Limited following the receipt of the communication from the CGST authorities.
SWSOLAR Stock Price Movement
On Thursday, shares of Sterling and Wilson Renewable Energy Limited slipped by 1.32% to settle at ₹246.68, trading down ₹3.30 from the previous close. The stock saw a day range spanning between a high of ₹252.75 and a low of ₹241.80 amidst significant intraday volume.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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