
Tax & Penalty8 Sept 2026, 07:10 pm
GE Power India Receives GST Order for ₹42 Lakhs Tax, Interest, Penalty
AI Summary
GE Power India Limited has received an order dated September 8, 2026, from the Assistant Commissioner of GST and Central Excise, Bhubaneswar, Odisha. The order pertains to the Financial Year 2020-21 and demands GST, interest, and penalty amounting to ₹2,109,252 for tax, and an equal amount for penalty, alleging short payment of taxes on sales in Odisha. The total demand, including tax and penalty, is ₹4,218,504. The company states that this demand, along with applicable interest and penalty, will not have a material impact on its financials or operations. GE Power India is evaluating its options and plans to file an appeal against the order.
Key Highlights
- Received GST order demanding ₹21 Lakhs tax and ₹21 Lakhs penalty.
- Order alleges short payment of taxes for FY 2020-21.
- Company believes the demand has no material financial impact.
- GE Power India plans to file an appeal against the order.
Price Impact
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