GE Vernova T&D India Limited has informed the Exchange about General Updates
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GE Vernova T&D India informed the exchange that it has settled a GST matter related to wrongly availed input tax credit for FY 2018-19 under Section 73 of the CGST Act. The company filed an amnesty application under Section 128A of the CGST Act, which was approved by the Excise and Taxation Officer-cum-State Tax Officer, Mohali. The company had already paid a tax amount of INR 2,11,491, and under the settlement, an interest amount of INR 2,14,848 was waived off. The order was received on July 2, 2025. The company stated there is no material impact on its financials, operations, or other activities.
This is a routine tax compliance matter with negligible financial impact (under INR 5 lakhs in total). Shareholders need not worry as the company has settled the issue favorably by getting interest waived through the amnesty scheme, and management has confirmed no material impact on operations or financials.