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As on : 17-Sep-2026
Hot Pursuit
17-Sep-2026     17:26

Schneider Electric Systems receives Rs 2.96 crore refund sanction order from GST Authorities

Schneider Electric President Systems Limited has received a refund sanction order of Rs 2,96,303 from the GST Authorities, following a favourable appellate order received on May 11, 2026, related to a pre-deposit made for filing an appeal. The refund, pertaining to fiscal year 2019-20, has been credited to the company's electronic credit ledger and does not have any adverse impact on its financial, operational, or other activities, according to a filing on September 16, 2026. The company previously disclosed on May 12, 2026, an appellate order that set aside a demand of Rs 58,25,872.

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