BGR Energy Systems Limited Receives GST Orders Over Alleged Turnover Variation for Three Financial Years
BGR Energy Systems Limited has received orders from tax authorities regarding alleged variations in turnover across multiple financial years. The orders were issued under Section 74 of the Central Goods and Services Tax Act, 2017, and the Uttar Pradesh Goods and Services Tax Act, 2017.The company reported receiving the directives from the Office of the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh. The orders relate to alleged discrepancies in turnover for the fiscal years 2020-21, 2021-22, and 2023-24. The date of the order was May 7, 2026, with the company receiving the communication on May 11, 2026.
The following table summarizes the key details of the actions taken by the authority:
| Particulars | Details |
|---|---|
| Authority Name | Office of the Joint Commissioner, Corporate Circle, Kanpur-I, Uttar Pradesh |
| Nature of Action | Orders passed under Section 74 of the CGST/SGST Act alleging variation in turnover |
| Violations Alleged | Variation in turnover under the CGST/SGST Act for FY 2020-21, FY 2021-22, and FY 2023-24 |
| Total Demands | Rs. 1,12,14,169 (including tax, interest and penalty) |
The financial demands breakdown across the three fiscal years is detailed below:
| Financial Year | Alleged Demand Amount (Rs.) |
|---|---|
| FY 2020-21 | 6,37,16,138 |
| FY 2021-22 | 1,51,01,022 |
| FY 2023-24 | Rs. 1,12,14,169 (Total Cumulative Demand) |
Regarding the impact on the company, BGR Energy Systems Limited stated that it anticipates no material financial impact on the company, as it is planning to appeal against all the received orders.
BGRENERGY Stock Price Movement
Shares of BGR Energy Systems Limited today shed 3.04%, settling at ₹269.85 in post-market trading. The stock saw a notable volume of 100,233 shares while closing the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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