HEG: Show Cause Notice Dropped for FY 2019-20, Impacting ₹282.34 Crore
HEG Limited announced that the GST authority has dropped the show cause notice for FY 2019-20, which initially proposed a recovery of ₹282.34 crore in IGST refunds and penalties. The decision was based on available information and has no financial or operational impact on the company. This follows an earlier notice for FY 2019-20 and FY 2020-21.
The dropping of the show cause notice removes a potential financial burden of ₹282.34 crore, which is significant.
The dropping of the show cause notice is a positive development for the company as it removes a potential liability.
HEG Limited announced on March 17, 2026, that the Office of the Deputy Commissioner (SGST) Mandideep Circle, Bhopal Division-2, has dropped the show cause notice for the tax period FY 2019-20. This notice, received earlier, proposed a recovery of IGST refunds along with a penalty amounting to ₹282.34 crore for the mentioned tax period. This development is in reference to the company's earlier communication dated November 10, 2025, regarding the notice for FY 2019-20 and FY 2020-21.
The GST authority's decision to drop the show cause notice for FY 2019-20 is based on the information available on record with them. The original notice pertained to proceedings under Section 74 of the MPGST Act 2017, read with Section 74 of the CGST Act 2017. HEG Limited has clarified that this development has no impact on the financial, operational, or other activities of the company. The information is available on the company's website.
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HEG Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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