BGR Energy Systems Receives GST Demand Order of ₹4.46 Crore
BGR Energy Systems received a GST demand order of ₹4.46 crore for FYs 2018-19, 2022-23, and 2023-24. The demand includes ₹1.54 crore tax, ₹1.37 crore interest, and ₹1.54 crore penalty. The company plans to appeal the order, expecting no significant operational impact.
While the company intends to appeal and expects no major operational impact, the demand of ₹4.46 crore is a material financial event that could affect cash flow or profitability if the appeal is unsuccessful.
The company has received a demand order from GST authorities which includes tax, interest, and penalty, indicating a negative financial event.
BGR Energy Systems Limited has received a Demand Order, Reference No. ZD241225143469C dated 29/12/2025, from the Assistant Commissioner of State Tax, Unit-69, Vyara, Gujarat, under Section 74 of the GST Act, 2017.
The order pertains to alleged differential GST liability arising from discrepancies between the turnover reported in GSTR-3B and the GST-TDS turnover reflected in GSTR-7 for the financial years 2018-19, 2022-23, and 2023-24.
The confirmed demand aggregates to ₹4,46,12,588, which includes tax of ₹1,54,19,974, interest of ₹1,37,72,640, and penalty of ₹1,54,19,974. The tax authorities allege that the company under-reported taxable turnover and short-paid GST due to these mismatches, constituting suppression of facts with intent to evade tax.
BGR Energy Systems Limited stated that it will be filing an appeal against this order and anticipates no major impact on its operations.
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