NBCC (India) Limited has received orders from CGST authorities regarding demands for tax, penalties, and interest under the Goods and Services Tax Act, 2017. While the company is preparing to appeal these orders, management believes that the financial, operational, and overall business impact is unlikely to be material. The tax demands relate to overseas projects where NBCC acted as a project management consultant.
CGST Order Details
NBCC (India) Limited has recently been issued orders from CGST authorities relating to demands for tax, penalty, and interest under the Goods and Services Tax (CGST) Act, 2017. The company is taking the necessary steps to appeal these orders.
Overseas Work Implications
The tax demands relate to two overseas projects where NBCC served as a project management consultant (PMC). These projects were executed in overseas countries, with the projects then handed over to overseas recipients.
Financial Implications and Action
One order specifies a tax demand of Rs. 8,21,75,092, a penalty of Rs. 82,17,509, and interest of Rs. 5,52,35,169 related to SCN issued for FY 2021-22. The other order involves a total demand (including interest and penalty) of Rs. 14,56,27,770.
NBCC is currently in the process of filing appeals against the orders and, based on its assessment, does not anticipate any material impact on its financial, operational, or other business activities.
Reasons for Delayed Disclosure
The CGST orders were received between December 26, 2025, and December 31, 2025. Upon receipt, the company initiated an examination in line with its internal governance framework.
This involved an assessment of materiality, verification of tax, interest, and penalty, an examination of the underlying facts related to the overseas project execution and consultations with tax advisors and functional departments.
The company disclosed the information to the stock exchanges on January 20, 2026, after completing the assessment process.
Source: BSE
