Welspun Specialty Solutions Limited has received a GST demand order of ₹4.49 crore from Gujarat tax authorities for alleged irregularities in GST refund claims on exports during FY 2021-22. The order includes a tax demand of ₹4.09 crore and a penalty of ₹40.88 lakhs. The company plans to appeal against the order, asserting that the demand is without merit and expects it to be set aside. Welspun does not anticipate any material impact on its financial or operational activities.
Welspun Specialty Solutions Receives ₹4.49 Crore GST Demand Order for FY22 Export Refund Claims
