Crompton Greaves Consumer Electricals Receives Tax Order, Plans Appeal
Crompton Greaves Consumer Electricals Ltd. announced today, March 23, 2026, that it has received an order from the office of the Assistance Commissioner of Central Tax in Vijaywada, Andhra Pradesh. The order pertains to the period of April 2019 to March 2020 and imposes a demand of INR 4,50,41,295. This includes INR 1,39,98,461 in tax, INR 1,70,44,373 in interest, and INR 1,39,98,461 in penalties.The company intends to appeal the order before the Commissioner (Appeals) and anticipates a favorable outcome. The demand was raised under section 74 of the GST Act, 2017, due to alleged excess Input Tax Credit (ITC) claimed in GSTR 3B compared to GSTR 2A for the specified...