Hexaware Technologies Wins GST Appeal, ₹15.13 Crore Demand Set Aside
Hexaware Technologies received a favorable order from the GST Appellate Authority, setting aside a demand of ₹15.13 crore for FY2020-21. The demand included ₹1.32 crore penalty and interest. The company stated there is no impact on its financials or operations. The order was received on May 13, 2026.
The company explicitly stated that there is no impact on its financials or operations due to this order, indicating a low material impact.
The company received a favorable order in a tax appeal, which is a positive development as a significant demand and penalty have been set aside.
Hexaware Technologies Limited has received a favorable order from the Appellate Authority concerning a demand of ₹15.13 crore (including ₹1.32 crore penalty and applicable interest) for FY2020-21, originally issued by the Department of Goods and Service Tax, State Tax Officer, Chennai. The appellate authority has set aside the previous order, resulting in the entire demand, including interest and penalty, being reduced to NIL.
The original order had been related to the alleged non-payment of tax due to non-realization of export proceeds within the stipulated timeline during FY2020-21. The company had appealed this order.
The favorable ruling was communicated to the company on May 13, 2026. Hexaware Technologies has stated that this order will have no impact on its financials or operations. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information will be hosted on the company's website.
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Hexaware Technologies Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Hexaware Technologies Limited. Read the original for the full detail.