Intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
GE Vernova T&D India has settled a GST demand for FY 2017-18 under the GST Amnesty Scheme, which allows waiver of interest and penalty on transitional input tax credit matters. The company had already paid the principal tax of Rs. 8,79,360, and the authority has now waived interest of Rs. 7,63,671 and penalty of Rs. 87,936, totaling Rs. 8,51,607 in relief. The settlement was approved by the CT & GST Officer, Bhubaneswar III, with the order received on June 19, 2025. The company has stated there is no material impact on its financials, operations, or other activities.
The settlement resolves a pending tax dispute with a favorable outcome for the company, as interest and penalty have been waived. The financial impact is limited and not material, so this is unlikely to affect the stock price.