BHEL says GST officer dropped Rs 207.26 crore demand for FY 2022-23
Bharat Heavy Electricals said in an NSE filing that a Telangana GST adjudicating authority dropped a Rs 207.26 crore demand for FY 2022-23, with interest and penalty.
Key points
- BHEL said in a filing that a Telangana GST adjudicating authority dropped its entire Rs 207.26 crore demand for FY 2022-23.
- The order is dated 7 November 2026, was received on 9 November 2026, and also drops interest and penalty, the company said.
- BHEL said there is no financial implication, and that the FY 2023-24 demand of Rs 194.62 crore is still under adjudication.
Bharat Heavy Electricals Limited (BHEL) said in a filing with the National Stock Exchange that a GST adjudicating authority in Telangana has dropped the entire demand of Rs 207.26 crore raised against it for FY 2022-23, along with the interest and penalty. The company said it received the order on 9 November 2026.
What Happened
According to the company's filing with the National Stock Exchange, the Assistant Commissioner (ST) of the Commercial Tax Department, Telangana, passed an adjudication order dated 7 November 2026 under Section 73 of the CGST Act and the Telangana GST Act, 2017. Adjudication is the stage at which a tax officer decides, after a show cause notice, whether a demand stands.
BHEL said the show cause notice for FY 2022-23 was issued in September 2025 and raised a demand of Rs 207.26 crore, which it had reported earlier in a disclosure dated 19 September 2025. The company said the adjudicating authority passed the order in its favour, dropping the whole demand along with consequential interest and penalty.
The filing says the order identified no aberrations or non-compliances, and imposed no penalty, restriction or sanction. BHEL said no action is warranted by it, as the entire demand has been dropped.
The company also set out the position on the three years covered by the September 2025 notices. The tentative demands were Rs 184.55 crore for FY 2021-22, Rs 207.26 crore for FY 2022-23 and Rs 194.62 crore for FY 2023-24, a total of Rs 586.43 crore. For FY 2021-22, BHEL said an order dropped a demand of Rs 183.77 crore along with consequential interest and penalty, as reported in its disclosure of 2 January 2026. For FY 2023-24, it said the matter is under adjudication and is expected to be settled on similar lines.
What It Means
For shareholders, the filing is the company's own account of the outcome: BHEL said there is no financial implication for it, because the case was decided in its favour. The disclosure is a statement by the company, and the order itself is not reproduced in the filing.
The FY 2023-24 demand of Rs 194.62 crore has not yet been decided, according to the company. The expectation that it will be settled on similar lines is BHEL's own view, not a decision by the tax authority.
The filing does not say whether any further step is planned on the order. Readers who want the full position can read the company's filing on the National Stock Exchange's website.
Oquilia Data: Bharat Heavy Electricals Ltd. (NSE: BHEL)
| Close, 6 Nov 2026 | Rs 418.80 (+0.17% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −7.35% / +2.61% / +8.51% / +45.69% / +61.05% |
| Against Nifty 50, 1M / 3M / YTD | −17.24 / +1.01 / +49.90 points |
| 52-week closing high / low | Rs 464.00 (14 Oct 2026) / Rs 242.50 (23 Jan 2026) |
| Turnover, 20-session average | Rs 554.28 cr; 37.3% delivered; latest volume 1.1x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: Bharat Heavy Electricals share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India