VA Tech Wabag Obtains Favourable Rectification Order from GST Authorities; Demand Reduced
VA Tech Wabag Limited has received a favourable rectification order from the GST authorities concerning an excess Input Tax Credit (ITC) claim pertaining to the financial year 2019-20. The resolution reduces the original demand significantly, which is set to be discharged by the company.The matter arose following a GST demand order issued by the Office of the Deputy Commissioner, GST Commissionerate, Uttar Pradesh, based on an allegation of excess ITC claim under Section 74 of the CGST Act. Initially, the GST demand stood at INR 43,73,666/-.
On June 19, 2026, the company obtained a rectification order from the said authorities, which resulted in the original demand being quashed and the liability standing reduced to INR 1,97,880/-.
The financial details of the revised liability issued by the GST authorities are as follows:
| Component | Amount (INR) |
|---|---|
| Basic Tax | 61,664/- |
| Interest | 74,552/- |
| Penalty | 61,664/- |
| Total | 1,97,880/- |
VA Tech Wabag Limited confirmed that the company will duly discharge the reduced amount. The organization noted that there is no material impact on the financial operations or activities of the Company resulting from this rectification order.
WABAG Stock Price Movement
VA Tech Wabag Limited shares closed today with robust gains, trading at ₹1983.6 as they climbed 9.85% in the post-market session. The strong performance saw the equity reach its 52-week high and trade within a volatile day range before settling after all market activity.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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