HEG Limited Receives Dismissal of Show Cause Notice Regarding IGST Refunds
HEG Limited announced on March 17, 2026, that the Office of the Deputy Commissioner (SGST) in Mandideep, Bhopal, has dropped a show cause notice related to the tax period FY 2019-20. The notice, previously issued in November 2025, had proposed a recovery of IGST refunds along with a penalty amounting to Rs. 282.34 Crores. The GST authority dropped the proceedings under Section 74 of the MPGST Act 2017 read with section 74 of CGST Act 2017, based on information available on record.The company noted that this development has no impact on its financial, operational, or other activities. The show cause notice related to the tax period FY 2020-21 remains pending.
Additional details regarding the dismissal are available on the company’s website, www.hegltd.com.
| S. No. | Particulars | Details under Regulation 30 |
|---|---|---|
| 3 | Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication from the authority; | March 17, 2026 |
| 7 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Nil. The show cause notice earlier issued by Office of the Deputy Commissioner (SGST) Mandideep Circle, Bhopal Division-2 against the Company for the tax period April 2019 to March 2020, proposing for recovery of the erroneous IGST refunds along with penalty amounting to Rs. 282.34 Crores, have now been dropped by GST authority vide their order dated March 17, 2026. |
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