Image Source: The Economic Times
Hitachi Energy India faces a ₹9.02 crore GST demand and ₹90 lakh penalty after a state GST audit for FY 2021-22. The company plans to appeal, citing unjustified and arbitrary charges, and is assessing the financial impact. Full details are available in the NSE circular and official company disclosures.
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Hitachi Energy India Limited has received a significant GST demand order from the Deputy Commissioner State Tax, Lucknow, following an audit for FY 2021-22. The company has disclosed that the total tax demand stands at ₹9.02 crore, with an additional penalty of ₹90 lakh and interest as per UP SGST Act. Hitachi Energy views the demand as arbitrary and unjustified, and will file an appeal with the Appellate Authority within the stipulated time.
Key Highlights
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The GST Authority issued Order-in-Original No. ZD091225178112I on December 10, 2025, after auditing FY 2021-22 returns.
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Major allegations include short payment of tax on outward supply, input tax credit availed on cancelled dealer invoices, and use of blocked input tax credit.
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The total quantified tax demand is ₹9.02 crore, penalty is ₹90.21 lakh, and interest is pending quantification.
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Hitachi Energy India believes the demand is unsustainable and will challenge it legally.
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The company has clarified that the financial impact is under assessment and has committed to full transparency with stakeholders.
Source: NSE Corporate Announcement, Hitachi Energy India Limited Official Disclosure
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