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The case pertained to a show-cause notice issued on December 26, 2023, under Section 73 of the CGST Act, 2017, involving a demand of ₹31.20 crore along with applicable interest and penalty. Shares of Bharat Heavy Electricals Ltd ended at ₹214.80, up by ₹2.58 or 1.22%, on the BSE today (September 2)
State-run engineering firm Bharat Heavy Electricals Limited (BHEL) on Tuesday (September 2) said it has received a favourable order from the Commissioner, CGST (Appeals), Dehradun, in a matter related to goods and services tax.
The order dated June 30, 2025, and received on September 1, 2025, was passed in favour of BHEL, quashing the appeal filed by the department. The case pertained to a show-cause notice issued on December 26, 2023, under Section 73 of the CGST Act, 2017, involving a demand of ₹31.20 crore along with applicable interest and penalty.
The matter related to the financial years 2018-19 and 2020-21. The Joint Commissioner had earlier dropped the show-cause notice, and the department’s appeal against that decision has now been set aside.
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BHEL stated that the favourable order has been accepted by the company and no further action is required. The order has no impact on the company’s financials or operations.
First quarter results
Bharat Heavy Electricals reported a net loss of ₹455.4 crore for the first quarter that ended June 30. In the corresponding quarter of the previous fiscal, BHEL posted a net loss of ₹211 crore, mainly due to higher expenses. The company's revenue from operations edged up 0.4% to ₹5,486.9 crore against ₹5,484.9 crore in the corresponding period of the preceding fiscal.
In the power sector, BHEL secured an order for the supply, erection, and commissioning supervision of six 800 MW steam turbine generators. Additionally, the company, in consortium with a global OEM, will design and execute 6,000 MW ±800 kV HVDC terminals for the Bhadla–Fatehpur transmission project.
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In the transportation segment, Indian Railways placed orders for various components, including 6,531 KVA traction transformers, high-speed traction motors, and 107-teeth bull gears. Further, the company received orders for power transmission equipment — comprising eight 315 MVA 400 kV transformers, eight 160 MVA auto transformers, and one 500 MVA 400 kV transformer — from utilities.
Shares of Bharat Heavy Electricals Ltd ended at ₹214.80, up by ₹2.58 or 1.22%, on the BSE today (September 2).
(Edited by : Shoma Bhattacharjee)
