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 transitional GST matter related to FY 2017-18 with the CT & GST Officer of Bhubaneswar under the GST Amnesty Scheme. The company filed an amnesty application under Section 128A of the CGST Act to waive off interest and penalty. The tax amount of Rs. 8.79 lakh had already been paid by the company. As per the settlement order dated June 19, 2025, the authority waived interest of Rs. 7.64 lakh and penalty of Rs. 0.88 lakh, totaling Rs. 8.52 lakh in relief. The company confirmed there is no material impact on its financials, operations, or other activities.
This is a minor, routine tax settlement with no material financial impact on the company. Shareholders need not worry as the amounts involved are negligible relative to the company's size, and the company successfully obtained waiver of interest and penalty.