BHEL Gets ₹207.26 Crore GST Relief, Telangana Tax Authority Drops Entire Demand With Interest And Penalty
Mumbai: State-owned Bharat Heavy Electricals Limited (BHEL) has secured major relief after Telangana's GST authorities dropped a tax demand of Rs 207.26 crore for FY 2022-23, along with associated interest and penalties. In a regulatory filing on Monday, November 9, BHEL confirmed that the adjudicating authority had ruled in its favour, eliminating the entire demand raised against the company.…
State-owned Bharat Heavy Electricals Limited (BHEL) has received significant relief from the Telangana GST authorities. The authorities have dropped a tax demand of Rs 207.26 crore for the fiscal year 2022-23, along with associated interest and penalties. This decision came as a surprise, as BHEL had originally received show-cause notices covering three financial years, with tentative GST demands totalling ₹586.43 crore.
The company had received favourable rulings for two other years - ₹183.77 crore for FY 2021-22 and ₹207.26 crore for FY 2022-23. Only the GST matter for FY 2023-24 remains under adjudication. BHEL clarified that the latest adjudication order carries no financial implications, as the entire demand has been ruled in its favour. No additional penalties or restrictions were imposed, and the company expects the remaining case to be resolved on similar lines.
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