5341392026-10-185341392026-10-18ActionsTakenOrOrdersPassedDomain15341392026-10-18ActionsTakenOrOrdersPassedDomain1PersonsAgainstWhomActionsTakenOrOrdersPassedDomain15341392026-10-18SignatoriesDomain1iso4217:INRxbrli:pureSCHNEIDERSchneider Electric Infrastructure Limited534139NOTLISTEDINE839M01018NewAction(s) taken or orders passed (sub-para 20)false2026-10-1715:04:002026-10-18Imposition of fine or penaltyStatutory AuthorityJoint Commissioner, CGST & CX, Kolkata Appeal-I Commissionerate.1Listed Entity (Self)Schneider Electric Infrastructure LimitedEmail/ CourierThe Appellate Authority, vide Order-in-Appeal No. 302/CGST/Kol-North/2026 has rejected the appeal filed by the Company and upheld the Order-in-Original No. 117/SUP/R-V/KOL-N/2024-25 dated July 16, 2024. Accordingly, the Appellate Authority has upheld (i) the demand in respect of transitional input tax credit amounting to INR 5,04,071 under Section 74(1) of the CGST Act, 2017; (ii) consequential liability towards interest under Section 50(3), to the extent payable in accordance with law; and (iii) penalty of INR 5,04,071 under Section 122(2)(b) read with the relevant provisions of the CGST Act, 2017. Accordingly, the quantified amount involved is INR 10,08,142 plus applicable interest.2026-10-17he Appellate Authority has upheld the findings of the adjudicating authority concerning inadmissibility of the said transitional credit and the consequential interest and penalty.2017-18There is no material impact on the financials, operations or other routine business activities. The impact will be limited to the extent of liability as per the Order.The matter relates to transitional input tax credit of INR 5,04,071 claimed by the Company under Form GST TRAN-1 for FY 2017-18 in respect of three invoices/tax-paying documents. The authorities alleged that the said documents were recorded in the books of account on July 31, 2017, beyond the prescribed period under Section 140(5) of the CGST Act, 2017, and that no extension of the prescribed period had been granted by the competent authority.504071the Appellate Authority has upheld (i) the demand in respect of transitional input tax credit amounting to INR 5,04,071 under Section 74(1) of the CGST Act, 2017; (ii) consequential liability towards interest under Section 50(3), to the extent payable in accordance with law; and (iii) penalty of INR 5,04,071 under Section 122(2)(b) read with the relevant provisions of the CGST Act, 2017. Accordingly, the quantified amount involved is INR 10,08,142 plus applicable interest.NoneThe Company is evaluating the order and appropriate legal remedy.Sumit GoelCompany Secretary and Compliance Officer2026-10-18Gurugram