Bajaj Electricals Limited Receives Appeal Order Regarding GST Assessment
Bajaj Electricals Limited announced it received an Appeal Order on March 20, 2026, regarding a previous assessment order from the Deputy Commissioner of Sales Tax, Danapur 1, Bihar. The original order, issued previously and detailed in a communication from March 31, 2024, included a total demand of 10.40 million rupees, encompassing a general penalty of 0.20 million rupees, related to alleged disallowance of Input Tax Credit for fiscal year 2017-18.The company had filed an appeal against the initial order. The Appeal Order issued by the Appellate Authority under Section 107 of the CGST Act 2017, reduced the total demand to 15.63 million rupees, including a general penalty of 0.72 million rupees.
According to Bajaj Electricals, the management is currently evaluating legal options, which may include appealing the decision or filing a writ petition. The potential financial impact is limited to the amount of the demand and associated penalties. The order is not expected to impact the company’s operational, financial, or other activities.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: