G R Infraprojects Limited (GRIL) announced that its wholly owned subsidiary, Reengus Sikar Expressway Limited (RSEL), has received an order from the Central Goods and Service Tax (GST) Commissioner in Udaipur demanding a payment of Rs 25.91 crore in GST, along with an equivalent penalty, for the period between July 2017 and August 2022.
Key Details:
- Authority Involved:
- Order issued by the Office of the Commissioner, Central GST – Udaipur.
- Details of the Order:
- The GST demand pertains to alleged non-payment of tax on annuity payments received from the National Highway Authority of India (NHAI).
- The total demand, including interest and penalty, amounts to Rs 51.82 crore.
- Timeline:
- The order was issued on January 17, 2025, and the company received communication on January 20, 2025.
- Action Plan by RSEL:
- The subsidiary plans to file an appeal or writ before the appropriate authority or court within the prescribed time frame.
- RSEL is optimistic about a favorable outcome.
Impact on Business:
- Financial and Operational Impact:
- GRIL does not foresee any significant impact on its financial, operational, or other activities as a result of this order.
- The company remains confident in the merits of its case.
Statement from GRIL:
Sudhir Mutha, Company Secretary of GRIL, stated that the company is committed to pursuing all legal remedies to resolve this matter.
Disclaimer: The above information is based on the company’s regulatory filing and is intended for informational purposes only.
TOPICS:
G R Infraprojects