H.G. Infra wins: Rs 220 crore GST show cause notice closed with nil demand
HGINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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H.G. Infra received a GST show cause notice for FY 2022-23 with a potential liability of Rs. 220.03 crore in tax, interest, and penalty. The company responded to the notice. On December 9, 2025, the GST Department passed an assessment order closing the proceedings with nil demand of tax, interest, and penalty. The matter now stands fully closed, removing a major tax overhang on the company.
Positive for shareholders: a Rs 220 crore tax liability threat is fully cleared, removing uncertainty and supporting sentiment on the stock.