Quarterly Updates4 Feb 2026, 01:19 pm
BGR Energy Systems' GST Demand Substantially Reduced to 7107.90 Crores Under TNGST Act 2017
AI Summary
BGR Energy Systems Ltd. has received an order under the TNGST Act 2017 from the Assistant Commissioner (State Tax), Ponneri Assessment Circle. The order, passed on 03-02-2026, is in respect of the Company’s GST assessment for the financial year 2018-19. The total demand confirmed is approximately 7107.90 Crores (inclusive of tax, interest and penalty under CGST and SGST). This demand is a significant reduction from the original demand of approximately 210.14 Crores. The order has been passed pursuant to the directions of the Hon’ble High Court of Madras in W.P. No. 34271 of 2025. The Company intends to appeal against the said order and is not foreseeing any material financial impact at this stage.
Key Highlights
- BGR Energy Systems received an order under the TNGST Act 2017 for GST assessment for FY 2018-19.
- The total demand confirmed is approximately 7107.90 Crores, a significant reduction from the original demand of 210.14 Crores.
- The order is passed pursuant to the directions of the Hon’ble High Court of Madras in W.P. No. 34271 of 2025.
- The Company intends to appeal against the said order.
- No material financial impact is expected at this stage.