GE Vernova T&D India Limited has been penalized by GST authorities in West Bengal for input tax credit discrepancies during the financial year 2021-22. The company received a penalty order of ₹2.12 crores from West Bengal authorities on December 19, 2025, and has disclosed the matter to stock exchanges in compliance with regulatory requirements.

Penalty Details

The Office of Deputy Commissioner, Salt Lake, West Bengal, has imposed a comprehensive penalty on the company for GST law violations. The penalty structure includes multiple components that collectively amount to a significant financial obligation.

Nature of Violation

The penalty stems from a mismatch in Input Tax Credit claimed by the company during FY2021-22. Input Tax Credit allows businesses to claim credit for taxes paid on inputs used in the production of goods or services. The GST authorities in West Bengal identified discrepancies in the company's Input Tax Credit claims, leading to the current tax demand and penalty.

Company's Response and Impact Assessment

GE Vernova T&D India Limited has indicated its intention to challenge the penalty order through the appropriate legal channels. The company plans to file an appeal against the order before the first Appellate Authority, which is the standard procedure for contesting GST penalty orders.

The company has assessed that there is no material impact on its financial, operational, or other activities. The financial impact will be limited to the extent of the penalty order, suggesting the company has adequate resources to manage this obligation.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events that could impact investor decisions. The company communicated the penalty details to both BSE Limited and National Stock Exchange of India Limited on December 20, 2025.

This penalty relates to historical tax matters from FY2021-22 and represents a compliance issue rather than an operational challenge for the electrical equipment manufacturer. The company's decision to appeal the order indicates its confidence in challenging the authorities' assessment of the Input Tax Credit mismatch.

GE Vernova T&D India Limited has informed stock exchanges about receiving a GST demand notice from tax authorities totaling ₹52.86 lakh related to compliance issues during FY2018-19. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Demand Details

The tax demand pertains to reconciliation of e-waybills with tax invoices raised during FY2018-19. The order was issued by the GST authority on December 18, with the company receiving the communication on the same date.

Company's Response Strategy

GE Vernova T&D India has indicated its intention to challenge the GST authority's order through the appellate process. The company plans to file an appeal against the demand before the first Appellate Authority, suggesting it disputes the basis or quantum of the demand raised.

Financial Impact Assessment

The company has assessed that there is no material impact on its financial, operational, or other activities from this GST demand. According to the regulatory filing, the financial impact will be limited to the extent of the order issued by the tax authorities.

Regulatory Compliance Context

This disclosure demonstrates the company's adherence to transparency requirements under SEBI regulations. The GST demand relates to historical compliance issues from FY2018-19, specifically concerning the reconciliation process between e-waybills and corresponding tax invoices during that financial year.

The development highlights ongoing regulatory scrutiny in GST compliance, particularly regarding proper documentation and reconciliation processes that companies must maintain for tax authorities' satisfaction.