BGR Energy Systems LimitedBGRENERGYNSE
Company has received demand order under Section 73 (1) of the CGST Act 2017 Act, 2107 read with Section 20…
As filed · BGR Energy Systems Limited has informed the Exchange about, The company has received demand order under Section 73 (1) of the CGST Act 2017/OGST Act, 2107 read with Section 20 (xvi) of the IGST Act 20
RegulatoryWatchNotablemateriality 67 out of 100
What happened
FactBGR Energy Systems Limited received a Demand Order dated 31st October 2025 under Section 73 of the CGST Act 2017/OGST Act 2017 for the financial year 2022-2023. The Assistant Commissioner concluded that no excess Input Tax Credit was availed by the Company for FY 2021-22, resulting in the demand of Rs. 64,21,696 being dropped.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
Watch next
Fact- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
Evidence
How CapitSignal classified this
- Reasoning:
- TAX_DEMAND base 62; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%