Key Quantitative Figures
The company has received an aggregate penalty of ₹30,65,591.26, comprising:
- CGST penalty: ₹15,32,795.63
- SGST penalty: ₹15,32,795.63
Parties Involved
- Issuing Authority: Office of the Joint Commissioner, Corporate Circle, Kanpur I, Uttar Pradesh
- Recipient: BGR Energy Systems Limited
Nature of Allegation
The penalty is in connection with alleged suppression of turnover for the tax period from April 2019 to March 2020 (Financial Year 2019-20).
Financial Impact
As per the disclosure: "No material financial impact on the Company at this stage."
Company Response
The Company is going to appeal against the said order.