A+| A| A-|
Partner with us icon Partner with Us

Corporate Actions

Schneider Electric faces Rs 9.57 crore in upheld demands and Rs 12.16 crore penalty following CGST appeals order

30-Jul-26   19:15 Hrs IST
Schneider Electric Infrastructure Limited has received an appeal order dated July 29, 2026, from the Office of the Commissioner, CGST (Appeals), Noida, regarding the wrongful availment of transitional credit. While the appeal partially succeeded in setting aside a demand of Rs 2,83,584 related to transit invoices, the appellate authority upheld demands totaling Rs 9,57,641 for Education Cess, Secondary & Higher Education Cess, Krishi Kalyan Cess, and Rs 2,58,549 for hotel booking facilitation services, along with a revised penalty of Rs 12,16,190. The company is evaluating legal remedies and states that the financial, operational, or other activities will not be materially impacted beyond the extent of the liability outlined in the order.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.