Mumbai, February 28, 2025 – Whirlpool of India Limited (BSE: 600238, NSE: WHIRLPOOL) has disclosed receiving a demand order from the Office of the Joint Commissioner State-Tax, Patliputra Circle, Patna. The order, dated February 27, 2025, pertains to the disallowance of GST input tax credit amounting to ₹1.33 crore for FY 2020-21.
Key Financial Highlights of GST Order:
| Particulars | Amount (INR) |
|---|---|
| GST Input Tax Credit denied | 1,32,62,262 |
| Interest | 92,15,275 |
| Penalty | 13,76,225 |
| Total Amount | 2,38,53,762 |
Nature and Details of the Order
The order was issued under Section 73(9) of the Bihar GST Act, 2017, and CGST Act, 2017. It includes disallowance of input tax credit, along with additional interest and penalties as listed above.Impact Assessment
Whirlpool of India has communicated that the financial, operational, or other activities of the company will not experience any material impact from this demand notice. The company has initiated the process of filing an appeal against this order with the relevant appellate authority.Corporate Response
Roopali Singh, Vice President - Legal and Company Secretary, stated, "The company is committed to compliance and is actively pursuing an appeal process with the appropriate authority against this GST order."Investors and stakeholders will closely monitor the developments related to this appeal, which could set a procedural precedent in similar GST matters affecting the consumer appliances sector.