GE Vernova T&D India Receives GST Penalty Orders Totaling ₹5.00 Crore
GE Vernova T&D India Limited has received two separate orders from tax authorities imposing penalties related to GST laws for the financial year 2021-22. One order from the Office of Assistant Commiss...
Limitations of AI summaries
AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.
Platforms like Prysm provide stock-level and portfolio-level analysis.
Why is GE Vernova T&D India Limited in the news today?
GE Vernova T&D India Limited (GVT&D) is in the news due to the company has received penalty orders from tax authorities, leading to a financial burden and potential litigation.
AI-Powered Summary
Market Context
Top Queries
More News
Explore Prysm Tools
Related Stories
GE Vernova T&D India Receives GST Penalty Orders Totaling ₹5.00 Crore
December 31, 2025, 11:51 AM
Top Queries to Ask About GE Vernova T&D India Limited
More Details on This News
GE Vernova T&D India Limited has received two separate orders from tax authorities imposing penalties related to GST laws for the financial year 2021-22. One order from the Office of Assistant Commissioner, Delhi, demands ₹2,70,40,554 in tax, ₹27,04,056 as penalty, and ₹1,82,69,043 in interest. This demand is due to reconciliation of outward tax liability with GSTR-9, mismatches in turnover reflecting in GSTR-7 vs GSTR-1, and ITC mismatches in GSTR-3B vs 2A.
The second order, from the Office of Assistant Commissioner, Raigarh, Chhattisgarh, imposes a demand of ₹2,28,40,575 in tax, ₹22,84,057 as penalty, and ₹1,56,36,240 in interest. This is attributed to mismatches in turnover reflecting in GSTR-7 vs GSTR-1, irregular availing of exemption, and ITC mismatches in GSTR-3B vs 2A.
The company received these orders on December 30, 2025. GE Vernova T&D India Limited intends to file an appeal against both orders before the first Appellate Authority. The company stated that there is no material impact on its financial, operational, or other activities, and the financial impact will be limited to the extent of the final order.
See What Deep Dive Gives You — in Seconds
“what happens when you click
Deep Dive “
“what happens when you click Deep Dive “
Instant AI Summary - “Get clean, noise-free earnings breakdowns.”
PDF Insights - “Download detailed, AI-generated reports.”
Metrics Explained -“Key ratios & trends explained in simple language.”
Want to know if this news pushes your stock up or down?
Just tap