Bharat Petroleum Recognized as Top Revenue Contributor in CGST and Central Excise, Mumbai Zone

Mumbai, July 04, 2023 – Bharat Petroleum Corporation Limited (BPCL), a leading ‘Maharatna’ and Fortune Global 500 Company, has been honored for its exceptional contribution as one of the top revenue contributors in CGST (Central Goods and Services Tax) and Central Excise, Mumbai Zone.

The prestigious recognition was conferred at a grand ceremony held today in Mumbai, commemorating the GST Day.

Shri G. Krishnakumar, Chairman & Managing Director of BPCL, and Shri VRK Gupta, Director Finance, received the citation and appreciation plaque from the Honorable Governor of Maharashtra, Shri Ramesh Bais.

After receiving the award, Shri G. Krishnakumar, C&MD BPCL said, “The recognition of BPCL as a top revenue contributor in CGST and Central Excise, Mumbai Zone, is a testament to the company’s unwavering commitment and significant role in driving the growth of our nation’s economy.

By consistently fulfilling its tax obligations and contributing substantially to the government’s revenue, BPCL continues to demonstrate its strong corporate citizenship and dedication to national progress.”

GST Day, observed annually on July 1st, marks the commemoration of the implementation of the Goods and Services Tax, a significant tax reform initiated by the central government. It serves as a reminder of the transformative impact of this comprehensive tax system on India’s economy and the business landscape.

The acknowledgment of BPCL’s exemplary performance in tax compliance and revenue generation underscores the company’s strong financial management and ethical business practices. It further reinforces BPCL’s position as a leading organization in the energy sector, known for its dedication to excellence, innovation, and contributing to the overall welfare of the country.