Voltas GST Demand Slashed to ₹11 Crore from ₹265 Crore in Uttarakhand

• Voltas's GST demand in Uttarakhand significantly reduced from ₹265.25 crore to ₹10.77 crore by the Central GST Commissionerate, Dehradun.
• The original demand was for alleged short payment of GST by Universal Comfort Products Ltd (UCPL) for FY 2018-19 to 2020-21, which merged with Voltas.
• The reduction followed detailed submissions and explanations provided by Voltas to the Principal Commissioner.
• Voltas is evaluating the order, plans to appeal, and has a pending writ petition in the high court of Uttarakhand.
• The company stated no material impact on its financials; shares rose 0.80% on BSE.

Why It Matters: Voltas secures major GST demand reduction, mitigating financial impact and boosting investor confidence.