Bajaj Electricals Limited Receives Assessment Order Regarding Vendor’s GST Returns
Bajaj Electricals Limited announced on March 31, 2026, that it received an Assessment Order from the Office of the Assistant Commissioner of CGST & Central Excise, Division-II, Mumbai South Commissionerate. The order, dated March 30, 2026, stems from an alleged non-filing of GSTR 3B returns by the company's vendors.The GST Authority has raised a gross demand of Rs. 67.31 lakh, including a penalty of Rs. 33.65 lakh. Bajaj Electricals Limited is currently evaluating legal options, including a potential appeal to an appellate authority.
According to the company, the financial impact would be limited to the extent of the demand and penalty, and there is no anticipated impact on the company’s operations, finances, or other activities.
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