GE Power India Limited Receives GST Order for FY 2020-21
GE Power India Limited received a GST order for FY 2020-21 from the Assistant Commissioner of GST, Bhubaneswar. The order demands ₹21.09 lakh in tax and ₹21.09 lakh in penalty for alleged short payment. The company believes this will not materially impact its financials and plans to appeal.
The company explicitly stated that the demanded amount, along with interest and penalty, neither has a material impact on the financials of the Company nor affects operational or other activities. Therefore, the impact is assessed as low.
The company received an order demanding tax, interest, and penalty, which is a negative development. However, the company stated that the amount is not material and they plan to appeal, mitigating the immediate negative sentiment.
GE Power India Limited has received an Order in Original dated 08 September 2026 from the Office of the Assistant Commissioner of GST and Central Excise, Bhubaneswar, Odisha. This order pertains to the Financial Year 2020-21 and involves a demand for GST, interest, and penalty, alleging short payment of taxes on sales in the state of Odisha.
The alleged violation relates to short payment of tax on outward liability, with the order passed under Section 74 of the Central GST Act, 2017/Odisha GST Act, 2017. The total demand includes a Tax Amount of ₹2,109,252/-, applicable interest, and a Penalty Amount of ₹2,109,252/-.
The company has stated that the demanded amount, along with interest and penalty, is not expected to have a material impact on its financials or affect its operational or other activities. GE Power India Limited is currently evaluating its next steps and plans to file an appeal against this order.
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GE Power India Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by GE Power India Limited. Read the original for the full detail.