SCHNEIDERSchneider Electric Infrastructure Limited
Schneider Electric Infrastructure Loses GST Appeal on ₹5.04 Lakh Input Tax Credit Demand
- Legal
- Electrical Equipment
Schneider Electric Infrastructure Limited has told the exchanges that the Joint Commissioner of CGST & CX, Kolkata Appeal-I Commissionerate, has rejected the company's appeal against the order of 16 Jul 2024 on excess input tax credit claimed for FY 2017-18. The order, No. 302/CGST/Kol-North/2026, came to the compliance officer's knowledge at 3:04 p.m. on 17 Oct 2026. It follows the company's intimation of 20 Jul 2024.
The appellate authority upheld the demand of transitional input tax credit of ₹5,04,071 under Section 74(1) of the CGST Act, interest under Section 50(3) as payable, and a penalty of ₹5,04,071 under Section 122(2)(b). The amount involved is ₹10,08,142 plus interest, about ₹10 lakh.
Sign up to continue reading
Create a free account to read the rest of this article and the analysis that follows.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
