Sterling & Wilson gets revised GST demand of ~INR 2.97 crore
Sterling & Wilson Renewable Energy received a revised GST demand of approximately INR 2.97 crore from the Assistant Commissioner of CGST, Vijayawada, regarding a shortfall in tax payment and mismatch of input tax credit for April 2018 to March 2023. The revised demand is a marginal increase from the previous demand of approximately INR 2.96 crore. The company is evaluating the order and confirmed no material financial impact.
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Sterling & Wilson Renewable Energy has received a revised goods and services tax (GST) demand of approximately INR 2.97 crore from the Assistant Commissioner of CGST, Vijayawada, Andhra Pradesh. The order, dated June 18, 2026, was received by the company on June 26, 2026, and pertains to a shortfall in tax payment and mismatch of input tax credit for the period from April 2018 to March 2023. The company stated that there is no material impact on its financials resulting from this revised demand.
The revised demand aggregates to approximately INR 2.97 crore, excluding applicable interest and penalty. This figure represents a marginal increase compared to the earlier demand of approximately INR 2.96 crore, which was also exclusive of interest and penalty. The communication follows a previous disclosure made by the company on December 20, 2025.
Details of the GST Demand
The regulatory filing provided specific details regarding the nature and financial implications of the order received from the GST authorities.
| Particulars | Details |
|---|---|
| Authority | Assistant Commissioner of CGST, Vijayawada, Andhra Pradesh |
| Order Date | June 18, 2026 |
| Receipt Date | June 26, 2026 |
| Period | April 2018 to March 2023 |
| Revised Demand | ~ INR 2.97 crore (excluding interest and penalty) |
| Previous Demand | ~ INR 2.96 crore (excluding interest and penalty) |
Company Response and Impact
Sterling & Wilson Renewable Energy stated that it is currently in the process of evaluating the contents of the order to decide on the future course of action. Regarding the financial implications, the company clarified that there is no material impact on its financials resulting from this revised demand. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Sterling & Wilson Renewable Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.73% | -5.41% | +19.04% | +14.63% | -23.33% | -13.93% |
Will the company decide to appeal the revised GST demand, and what are the potential legal costs involved?
How might the accumulation of interest and penalties affect the final liability beyond the INR 2.97 crore demand?
Does this revised demand indicate a broader trend of increased GST scrutiny for the renewable energy sector?
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