Tax & Penalty11 May 2026, 06:01 pm
BGR Energy Receives GST Order Under Sec 74 of CGST Act
AI Summary
BGR Energy Systems Ltd has received orders under Section 74 of the Central Goods and Services Tax Act, 2017 / Uttar Pradesh Goods and Services Tax Act, 2017 from the Office of the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh, regarding alleged variation in turnover for FY 2020-21, FY 2021-22 and FY 2023-24. The GST authorities have raised demands amounting to ₹1,12,14,169 for FY 2020-21, ₹6,37,16,138 for FY 2021-22 and ₹1,51,01,022 for FY 2023-24, including tax, interest and penalty. The company plans to appeal against the orders and anticipates no material financial impact.
Key Highlights
- BGR Energy received GST orders under Section 74 of CGST/SGST Act for FY21-24.
- Orders relate to alleged turnover variations, issued by Joint Commissioner, Kanpur.
- Demands raised total ₹1,12,14,169 (FY21), ₹6,37,16,138 (FY22), and ₹1,51,01,022 (FY24).
- The company plans to appeal against the orders.
- BGR Energy anticipates no material financial impact from these orders.