NTPC has been served an order by the Additional Commissioner CGST & Central Excise, Patna-1, demanding payment for Tax, Interest, and Penalty pertaining to FY 2019-20 and 2020-21 concerning ITC reversal issues. The total demand stands at approximately ₹19.97 crore. The Corporation confirms there is no material impact on its financials or operations and plans to immediately file an appeal with the First Appellate Authority.
Intimation of Regulatory Order Received
NTPC Limited has officially intimated that it has received an order from the Additional Commissioner CGST & Central Excise, Patna-1, in the state of Bihar. This communication, dated February 27, 2026, relates to demands raised under the CGST Act and Bihar GST Act concerning the financial years 2019-20 and 2020-21.
Details of the Demand
The core issue cited in the order involves the Reversal of ITC in respect of credit notes where ITC was not availed. Consequently, the authority has demanded payment for Tax, applicable Interest, and Penalty. The total quantified demand is structured as follows:
- Tax Demand: ₹9,98,48,534
- Interest and Penalty: Equal to the Tax amount, resulting in an equivalent demand for Interest and Penalty.
- Total Amount Demanded: ₹19,96,97,068 (approximately ₹19.97 crore).
Management Response and Next Steps
NTPC has emphasized that the receipt of this order will have no material impact on the Corporation’s financials, operations, or other activities. In line with its rights, the Corporation has decided to contest the ruling. Action is already being taken to challenge the decision by filing an appeal before the First Appellate Authority CGST & Central Excise (Appeals), Patna, within the stipulated timeline.
Source: BSE
