Bharat Heavy Electricals Limited has received a rectification order for dropping of demand of Goods & Service Tax along with DIGBOI 1: Digboi, Tinsukiya, Zone: Assam, State/UT: Assam interest and penalty from the Office of: Assistant Commissioner of State Tax; A demand was raised on Company u/s 73 of CGST/SGST Act, 2017 for Fiscal Year 2018-2019 for the state of Assam, amounting to INR 7,750,707/, along with interest of INR 7,785,957/and imposition of penalty of INR 7,85,070/. The Company filed rectification application since the demand was not correct and on examination of same, the above-stated demand for Tax, Interest and Penalty has been dropped by the Tax Authorities by passing the Rectification Order u/s. 161 of CGST Act, 2017 dated May 14, 2024.
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