Siemens receives ₹34.83 crore GST notice on Halol property lease transfer
The potential financial liability of ₹ 34.83 crore for GST, plus interest and penalties, is a material amount for the company, although the final outcome is yet to be determined and the company is reviewing the notice.
The company received a show cause notice for a substantial GST amount of ₹ 34.83 crore, along with potential interest and penalty, indicating a potential financial liability and regulatory scrutiny.
Siemens Limited announced that on 19th September 2025, it received a show cause notice from the Joint Commissioner, Central GST & Excise, Vadodara I Commissionerate. The notice seeks to levy GST amounting to ₹ 34.83 crore (34,83,00,000/-) along with applicable interest and penalty under Section 74 of the Central Goods & Service Tax Act, 2017. * The proposed levy is in connection with the transfer and assignment of the company’s leasehold interest in a property located at Halol, Gujarat. * Siemens Limited is currently reviewing the show cause notice and will take appropriate action in due course. * The company acknowledged a delay in intimation, stating it was due to the time taken for a prima facie assessment of materiality.
What to do with a filing like this
Siemens Limited filed this with the NSE as a statutory disclosure, categorised under legal. 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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See the model portfoliosA plain-language summary of a public exchange filing by Siemens Limited. Read the original for the full detail.