Schneider Electric Infrastructure receives GST order for ₹3.8 crore demand and penalty
Schneider Electric Infrastructure Limited received a GST adjudication order for FY 2022-23. The order includes demands for IGST totaling ₹3.50 crore for alleged non-payment of GST on exports and ineligible ITC. A penalty of ₹35.18 lakh has also been imposed. The company is evaluating legal remedies, stating no material impact on its operations.
While the company states no material impact, the total demand and penalty amount of approximately ₹3.8 crore could have a moderate financial impact.
The company has received an order from GST authorities imposing tax demands and penalties, which is a negative development.
Schneider Electric Infrastructure Limited (SEIL) has received an Order-in-Original from the GST Authorities, dated August 31, 2026, from the Office of the Commissioner of GST and Central Excise, Chennai Outer Commissionerate. The order pertains to alleged non-payment of duty on export of services due to non-receipt of convertible foreign exchange, availment of ineligible Input Tax Credit (ITC), non-payment of GST for supplies made to SEZ without endorsement, and non-reversal of ITC as per credit notes. The company is currently evaluating the order and considering appropriate legal remedies.
The adjudication order, stemming from GST audit proceedings for FY 2022-23, confirmed several tax demands and penalties. These include a demand of ₹2,37,99,374 towards alleged non-payment of IGST on export of services, ₹1,06,37,269 for alleged ineligible input tax credit, and ₹3,79,519 for alleged non-payment of GST on supplies to SEZ units without endorsement. Additionally, a demand of ₹3,63,915 has been levied for alleged non-reversal of input tax credit related to supplier credit notes. The authority dropped a proposed demand of ₹67,316 concerning alleged duplicate availment of ISD credit.
Furthermore, the order directs the recovery of interest at applicable rates and imposes a penalty of ₹35,18,008 under Section 122(2)(a) read with Section 73(9) of the CGST Act, 2017. The company was informed of this order on September 9, 2026, at 11:16 a.m. (IST). Schneider Electric Infrastructure Limited stated that there is no material impact on its financials, operations, or other routine business activities, with the impact being limited to the extent of the confirmed liability.
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