L&T faces ₹173.24 crore penalty over GST dispute; company plans appeal
“We wish to inform you that the Joint Commissioner, CGST and Central Excise, Bhopal vide order under section 161 of The Central Goods & Services Tax Act, 2017 dated November 27, 2024, received by the company on November 28, 2024, has levied penalties of ₹173,24,59,695/- covering assessment years 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22,” L&T said in a regulatory filing.