Voltas Limited Penalized ₹ 20.07 Lakhs by Gujarat Tax Authority Over E-Way Bill Declaration
Voltas Limited has received an order from the Office of the Deputy Commissioner of State Tax, Enforcement, Division-7, Surat, Gujarat, levying a penalty of ₹ 20.07 Lakhs for incorrect declaration of vehicle type in an E-Way Bill.The penalty order was issued on May 12, 2026. The levy was passed under Section 129(1)(a) of the Gujarat Goods and Services Tax Act, 2017, read with relevant provisions of the Central Goods and Services Tax Act, 2017, the Integrated Goods and Services Tax Act, 2017, and the Goods and Services (Compensation To States) Act, 2017.
The company confirmed that it is currently in the process of filing an appeal against the received order.
According to the details provided, the penalty of ₹ 20,07,000/- was imposed due to the incorrect declaration of the vehicle type in the E-Way Bill. The penalty order was received by the company on May 12, 2026, at 9.51 a.m.
Voltas Limited stated that despite the penalty, there is no material impact on the financials, operations, or other activities of the company.
Key details regarding the tax order are presented below:
| Detail | Information |
|---|---|
| Authority | Office of the Deputy Commissioner of State Tax, Enforcement, Division-7, Surat, Gujarat |
| Date of Order | May 12, 2026 |
| Penalty Amount | ₹ 20,07,000/- (₹ 20.07 Lakhs) |
| Reason for Penalty | Incorrect declaration of vehicle type in the E-Way Bill |
| Material Impact | None (No material impact on financials or operations) |
VOLTAS Stock Price Movement
Shares of Voltas Limited on Tuesday slipped by 2.45% to settle at ₹1269.6. The stock recorded a total traded volume of 1.09 million shares during the session.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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