GST appellate order reduces demand to Rs 21.05 cr from Rs 33.66 cr
BGRENERGY · price
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BGR Energy received an appellate order from the Additional Commissioner of State Tax, Chhattisgarh modifying an earlier GST demand. The original order of Rs 33.66 crore was reduced to Rs 21.05 crore, giving relief of about Rs 12.60 crore. Management states no material financial impact at this stage and plans to file a further appeal.
Partial relief in GST appeal; company to appeal further. Residual demand of about Rs 21.05 crore remains. Monitor next steps.