Tax & Penalty10 Jun 2026, 05:31 pm
BGR Energy GST Demand Reduced by ₹12.6 Cr
AI Summary
BGR Energy Systems Ltd has received a modified Goods and Services Tax (GST) demand order from the Additional Commissioner of State Tax, Chhattisgarh. The original demand of ₹33,65,67,267 has been reduced to ₹21,04,87,008, resulting in a relief of ₹12,60,80,259. The company stated that there is no material financial impact at this stage and plans to appeal the modified order.
Key Highlights
- GST demand order modified by Chhattisgarh tax authority.
- Original demand of ₹33.65 Cr reduced to ₹21.04 Cr.
- Company receives relief of ₹12.60 Cr.
- BGR Energy plans to appeal the modified order.
- No material financial impact stated at this stage.
Price Impact
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