/images/ppid_59c68470-image-17673400323482364.webp)
What is the story about?
Bharat Heavy Electricals Limited (BHEL) on Friday, January 2, said the Telangana Commercial Tax Department has dropped a ₹183.77 crore GST demand along with interest and penalty for FY22, providing major relief to the state-owned engineering major.
In an exchange filing, BHEL said the adjudication order was passed by the Assistant Commissioner (State Tax), Telangana, under the CGST/TGST Acts, 2017, in connection with a show-cause notice for a total demand of ₹184.55 crore raised earlier for FY 2021–22.
The company said the authority ruled in its favour, dropping the bulk of the demand after accepting that the exports in question had already been completed, even though they were initially flagged for being beyond the prescribed timeline.
A residual demand of ₹1.43 crore remains, comprising ₹0.78 crore in tax, ₹0.58 crore in interest and ₹0.07 crore in penalty. BHEL said it will file an appeal against the balance amount and does not expect any material financial impact.
The adjudication order was dated December 31, 2025, and was received by the company on January 2, 2026.
Shares of the state-owned engineering company were trading 1.10% up at ₹294.65 as of 12 pm on Friday. The stock has gained 12.99% in the past six months.
Also read: Rupee rises 6 paise to 89.92 against US dollar in early trade
In an exchange filing, BHEL said the adjudication order was passed by the Assistant Commissioner (State Tax), Telangana, under the CGST/TGST Acts, 2017, in connection with a show-cause notice for a total demand of ₹184.55 crore raised earlier for FY 2021–22.
The company said the authority ruled in its favour, dropping the bulk of the demand after accepting that the exports in question had already been completed, even though they were initially flagged for being beyond the prescribed timeline.
A residual demand of ₹1.43 crore remains, comprising ₹0.78 crore in tax, ₹0.58 crore in interest and ₹0.07 crore in penalty. BHEL said it will file an appeal against the balance amount and does not expect any material financial impact.
The adjudication order was dated December 31, 2025, and was received by the company on January 2, 2026.
Shares of the state-owned engineering company were trading 1.10% up at ₹294.65 as of 12 pm on Friday. The stock has gained 12.99% in the past six months.
Also read: Rupee rises 6 paise to 89.92 against US dollar in early trade
/images/ppid_59c68470-image-176734007167150815.webp)
/images/ppid_a911dc6a-image-176733966726044661.webp)
/images/ppid_a911dc6a-image-176733962903174666.webp)
/images/ppid_a911dc6a-image-17673390293753266.webp)