NBCC (India) Limited has disclosed that it has received orders from the CGST authorities concerning demands for tax, penalties, and interest under the Goods and Services Tax (CGST) Act, 2017. The company has been issued demand orders for two overseas works. For one overseas work, the GST department has raised a demand of ₹8,21,75,092 in tax, ₹82,17,509 in penalty, and ₹5,52,35,169 in interest for FY 2021-22. The total demand, including penalty and interest, for this particular overseas work amounts to ₹14,56,27,770. For the second overseas work, the total demand, including penalty and interest, is ₹79,95,11,842. The company states that these demands relate to issues concerning Input Tax Credit (ITC) apportionment and reversal for ITC claimed from cancelled dealers, return defaulters, and tax non-payers. NBCC (India) Limited is in the process of filing an appeal against these orders before the appropriate authority. The company does not anticipate any material impact on its financial, operational, or other business activities as a result of these demands. The orders were received on December 26th, 2025, and December 31st, 2025.
