BGR Energy Systems receives GST orders amounting to ₹7.99 Crore
BGR Energy Systems received GST orders for FY20-21, FY21-22, and FY23-24, with total demands of ₹7.99 Crore including tax, interest, and penalty. The company plans to appeal the orders, stating no material financial impact.
While the company states no material financial impact due to planned appeals, the total demand of ₹7.99 Crore represents a notable amount that could affect operations if the appeal is unsuccessful.
The company has received GST orders with significant demands, but they plan to appeal, indicating no immediate material financial impact. This makes the sentiment neutral as the outcome is uncertain.
BGR Energy Systems Limited 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.
These orders pertain to alleged variations in turnover for the Financial Year 2020-21, FY 2021-22, and FY 2023-24. The GST authorities have raised demands totaling ₹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, which include tax, interest, and penalty. The total demand raised across these financial years amounts to approximately ₹7.99 Crore.
The company stated that there is no material financial impact as they are planning to appeal against all the orders. The orders were dated 7th May 2026, and the company received them on 11th May 2026.
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