GVT&D

GE Vernova T&D India Faces INR 89.28 Lakh GST Penalty on Transportation Charges

GE Vernova T&D India Limited has received a GST penalty order from Vadodara authorities for non-payment of GST on transportation charges from April 2018 to March 2023. The total penalty is ₹89,28,324, including ₹44,64,162 each for tax and penalty. The company plans to appeal against the order and states that the financial impact will be limited to the specified amount, with no material impact on its overall financial or operational activities.