ImportantAction(s) initiated or orders passed
GE Power India Limited has received a tax order from the GST and Central Excise authority in Bhubaneswar for the financial year 2020-21, alleging a short payment of taxes on sales in Odisha.
GE Power India LimitedGEPIL · Filed with the exchange
The order demands a tax payment of INR 0.21 Cr along with an equal penalty of INR 0.21 Cr and applicable interest.
This development does not materially impact the company's financials or disrupt its operational activities.
Management is currently evaluating the situation and preparing to file an appeal against the order, keeping shareholder interests protected while contesting the alleged short payment.
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