The company has received GST order under Sec 74 of CGST Act 2017
BGRENERGY · price
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BGR Energy Systems has received GST orders from the Office of the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh. The orders allege variation in turnover for three financial years - FY 2020-21, FY 2021-22, and FY 2023-24. The total demand raised is Rs. 9,00,31,329 (approximately Rs. 9 crore), which includes tax, interest, and penalty. The company states there is no material financial impact as it plans to appeal against all the orders. The orders were received on May 11, 2026.
The financial impact is not considered material by the company, and since they intend to appeal, there is no immediate cash outflow. However, if the appeals fail, the company could face a liability of about Rs. 9 crore.