GE Vernova T&D India Receives GST Penalty Orders Worth ₹9.99 Crores from Tax Authorities

GE Vernova T&D India Limited has received penalty orders from GST authorities totaling ₹9.99 crores related to tax compliance issues for the financial year 2021-22. The company disclosed this development through regulatory filings on December 31, 2025, following receipt of orders dated December 30, 2025.

GST Penalty Orders Overview

The company received two separate penalty orders from different tax authorities on the same date. The combined financial impact includes tax demands, penalties, and interest charges across both jurisdictions.

Authority	Tax Amount	Penalty Amount	Interest	Total Demand
Assistant Commissioner, Delhi	₹2.70 crores	₹0.27 crores	₹1.83 crores	₹4.80 crores
Assistant Commissioner, Raigarh, Chhattisgarh	₹2.28 crores	₹0.23 crores	₹1.56 crores	₹4.07 crores
Combined Total	₹4.98 crores	₹0.50 crores	₹3.39 crores	₹8.87 crores

Nature of Violations

Both penalty orders relate to GST compliance issues during financial year 2021-22. The Delhi authority's order addresses multiple compliance gaps:

Reconciliation of Outward Tax Liability with GSTR-9
Mismatch in Turnover reflecting in GSTR-7 vs GSTR-1
Mismatch in Input Tax Credit (ITC) in GSTR-3B vs 2A

The Chhattisgarh authority's order focuses on similar issues with additional concerns:

Mismatch in Turnover reflecting in GSTR-7 vs GSTR-1
Irregular availing of exemption
Mismatch in ITC in GSTR-3B vs 2A

Company's Response and Impact Assessment

GE Vernova T&D India has announced its intention to file appeals against both orders before the first Appellate Authority. The company has assessed that there will be no material impact on its financial, operational, or other activities.

Parameter	Company Statement
Operational Impact	No material impact expected
Financial Impact	Limited to extent of final order
Appeal Strategy	Filing appeals before first Appellate Authority
Order Receipt Date	December 30, 2025

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to inform stock exchanges about material events that could impact investor decisions.

The company operates under the corporate identity number L31102DL1957PLC193993 and was formerly known as GE T&D India Limited. Its shares are listed on both BSE (code: 522275) and NSE (symbol: GVT&D).

Financial Year Context

The penalty orders relate specifically to GST compliance during financial year 2021-22, indicating that the tax authorities conducted detailed reconciliation exercises comparing various GST return filings. The discrepancies identified span across different types of GST returns including GSTR-1, GSTR-3B, GSTR-7, GSTR-9, and GSTR-2A, suggesting comprehensive scrutiny of the company's tax compliance during that period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.48%	-8.42%	+5.12%	+21.62%	+45.55%	+2,117.37%

GE Vernova T&D India Limited has announced key changes in its senior management personnel, effective January 1, 2026. The company filed the intimation with stock exchanges under Regulation 30 of SEBI Listing Regulations on December 31, 2025.

Leadership Transition Details

The management changes involve a transition in the Human Resources department leadership. The company has provided detailed information about both the outgoing and incoming personnel as part of regulatory compliance.

Personnel Changes:	Details
Outgoing Executive:	Mr. Amresh Singh, Executive-Human Resource Partner
Incoming Executive:	Ms. Poonam Mathur, Head of Human Resources
Effective Date:	January 1, 2026
Appointment Basis:	Nomination and Remuneration Committee recommendation

Cessation of Current Role

Mr. Amresh Singh will cease to be a Senior Management Personnel of the company with effect from January 1, 2026. The cessation is attributed to a change in his role within the organization, rather than resignation or removal from the company entirely.

New Appointment Profile

Ms. Poonam Mathur has been appointed as Head of Human Resources and Senior Management Personnel effective January 1, 2026. Her appointment comes as a full-time employment arrangement based on the Board's decision following recommendations from the Nomination and Remuneration Committee.

Professional Background

Ms. Mathur brings substantial experience to her new role:

Educational Qualifications: Bachelor's in Commerce from Delhi University and Master's in Human Resources & Corporate Governance from Institute of Management Technology, Ghaziabad
Career Start: Management Trainee-Talent Acquisition with SAB Miller in 2007
GE Group Experience: Joined GE group in 2008 and has worked in various HR leadership roles
Current Role: Regional HR Leader India & APAC region for Electrification Software business
Total Experience: Approximately 18 years in human resources and management

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Para A (7) of part A of Schedule III of the SEBI Listing Regulations. The company has fulfilled all disclosure requirements as mandated by SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The intimation was signed by Shweta Mehta, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited for regulatory compliance and investor information.