Bajaj Electricals Faces Adverse Appeal Ruling on GST Demand
Bajaj Electricals Limited has received an adverse order in an appeal regarding its Goods and Services Tax (GST) compliance, confirming a tax demand that was initially assessed for claiming excess input tax credit.The Company confirmed the receipt of the adverse Order in Appeal on May 15, 2026. This order was issued by the Joint Commissioner, Secunderabad, Telangana, and dismissed the appeal without considering the submissions made by Bajaj Electricals.
The matter stems from an earlier Order dated August 31, 2024, issued by the Office of the Deputy Commissioner, Secunderabad STU-1, Telangana. That initial order imposed a total demand of Rs. 16.42 lakh on the Company, alleging that excess input tax credit (ITC) was claimed during the Financial Year 2019-20. This demand figure includes a general penalty amounting to Rs. 1.49 lakh.
The Company's management has stated that it is currently evaluating appropriate legal remedies. These potential actions include filing an appeal before the appropriate appellate tribunal and initiating writ proceedings before the Hon'ble High Court against the appeal order.
Regarding the business impact, the financial effect of the appeal order, should it materialize, would be limited only to the demand raised and the penalty levied thereunder. The company reported that there is no anticipated impact on its operational, financial, or other activities resulting from this order or assessment.
BAJAJELEC Stock Price Movement
On Friday, Bajaj Electricals Limited shares gained traction, closing at ₹393.1 after edging higher by 0.42%. The equity saw substantial trading interest, recording a volume of 143,550 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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