HG Infra Engineering's ₹220-cr GST case for FY23 closed with nil demand

Infrastructure company HG Infra Engineering Ltd on Tuesday (December 9) said it has received an assessment order closing its ₹220.03-crore GST show cause notice for FY2022-23 with nil demand of tax, interest and penalty.

The order was passed on December 9, 2025, by the Joint Commissioner, State Goods and Service Tax, Corporate Circle-I, Ghaziabad Zone-I, Uttar Pradesh, after the company responded to the notice.

"The GST liability, along with interest and penalty as per the show cause notice, was ₹20.03 crore. With the receipt of today’s communication from the GST Department, this matter stands closed," it said.

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Last month, HG Infra Engineering said it had secured a ₹274.11 crore order from DLF Cyber City Developers Limited for executing infrastructure (access road network) works at the DLF Downtown, phase-2 project in Sector-25A, Gurugram, Haryana.

The project involves building the full access road network for the second phase of development of DLF Downtown, one of the key commercial clusters in Gurugram. The work has been awarded on an item rate/BOQ basis. Taxes, including GST and labour cess, will be additional over the contract value.

HG Infra Engineering will execute the project within a construction period of 548 days. The order has been awarded by a domestic entity and does not fall under related-party transactions.

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Shares of HG Infra Engineering Ltd ended at ₹763.50, down by ₹30.95, or 3.90%, on the BSE today, December 9.