NTPC, a government-owned power company, has been directed by GST authorities in seven states to pay a total of Rs 100.80 crore in tax, interest, and penalty.
The states from which the tax demand has come include Delhi, Uttar Pradesh, Andhra Pradesh, Bihar, Chhattisgarh, Maharashtra, and Gujarat. NTPC has stated that it will file an appeal against the said orders within the prescribed timelines
The company also mentioned that the GST demand orders will not have a material impact on the financials, operations, or other activities of the company.
NTPC stands for National Thermal Power Corporation. It is a government-owned power company that generates electricity and engages in other activities . With an installed capacity of 73,824 MW, NTPC is India’s largest power utility . The company aims to become a 130 GW company by 2032