24 Oct 2025 | 5 Mins Read
Tamil Nadu issues ₹18 crore GST demand against Welspun Enterprises
Flipitmoney
Welspun Enterprises Ltd received a ₹9 crore tax demand with an equivalent penalty for FY 2018-19 from the state GST appellate authority, Tamil Nadu, citing alleged ineligible input tax credit. The company plans to appeal, stating the demand is not maintainable and will not impact its financial or operational activities. It will raise up to ₹1,000 crore via convertible warrants.