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New Delhi, February 4, 2026: NBCC (India) Limited (BSE: 534309, NSE: NBCC/EQ), the state-owned construction and project management giant, today informed the stock exchanges that it has recently received demand orders from Central Goods & Services Tax (CGST) authorities.
Details of the Demand:
The demands pertain to two overseas projects executed by NBCC in its capacity as a Project Management Consultant (PMC). The tax authority has raised issues regarding the apportionment and reversal of Input Tax Credit (ITC) related to these exempt overseas supplies, and ITC claimed from certain dealers.
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Order 1: Received on December 26, 2025, demanding tax of ₹8.22 crore, penalty of ₹0.82 crore, and interest of ₹5.52 crore for FY 2021-22.
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Order 2: Received on December 31, 2025, demanding a total of ₹14.56 crore (including tax, interest, and penalty).
The cumulative financial demand (tax + penalty) for both orders is approximately ₹79.95 crore, along with applicable interest.
Company's Stance and Action:
NBCC has stated that it does not anticipate any material impact on its financial, operational, or other business activities as a result of these orders. The company is in the process of taking necessary steps to file an appeal against the orders before the appropriate appellate authority.
Reason for Delayed Disclosure:
The company received the orders in late December 2025. In its filing, NBCC explained the delay in disclosure (made on January 20, 2026) was due to the time taken for a prima facie assessment of materiality, internal verification, and consultation with tax advisors, as permitted under SEBI's Industry Standards for such events.
About NBCC (India) Limited:
NBCC (India) Limited, under the Ministry of Housing and Urban Affairs, is a central public sector enterprise known for its project management, construction, and real estate development services, including major government infrastructure projects and redevelopment works.