GE Vernova T&D India Limited has informed the Exchange about General Updates
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GE Vernova T&D India has settled a GST matter related to eligibility of transitional input tax credit under Section 73 of the CGST Act, 2017 for financial year 2017-18. The company filed an amnesty application under Section 128A of the CGST Act, which was approved by the Assistant Commissioner, CGST & CE, Vadodara. The company had already paid the principal tax of Rs. 7,22,228, and the authority waived interest of Rs. 9,29,240 and penalty of Rs. 72,223 (total Rs. 10,01,463 waived). The order was received on July 1, 2025. The company has stated there is no material impact on its financials, operations, or other activities.
This is a routine tax compliance matter with no material impact on the company's financials or operations. The successful amnesty settlement means the company saved over Rs. 10 lakh in interest and penalty, which is a positive but immaterial outcome for shareholders.