BHEL Gets ₹183.77 Crore GST Relief from Telangana Tax Dept

• Bharat Heavy Electricals Limited (BHEL) received a major tax relief as the Telangana Commercial Tax Department dropped a ₹183.77 crore GST demand for FY22.
• The demand, along with interest and penalty, was initially raised via a show-cause notice for ₹184.55 crore under CGST/TGST Acts, 2017.
• The authority ruled in BHEL's favor, accepting that the exports in question were completed, despite initial timeline concerns.
• A residual demand of ₹1.43 crore remains, which BHEL plans to appeal, expecting no material financial impact.
• BHEL shares rose 1.10% to ₹294.65 following the news, having gained 12.99% in the past six months.

Why It Matters: Telangana tax department drops ₹183.77 crore GST demand, providing significant relief to BHEL.