Bajaj Electricals Limited Updates on GST Appeal Order
Bajaj Electricals Limited announced receipt of an Appeal Order related to a Goods and Services Tax (GST) assessment, the company said in a release on March 26, 2026.The Appeal Order, dated March 13, 2026, was issued by the Office of the Commissioner, Appeals-I, CGST & CX, Mumbai, following an assessment order received previously and an appeal filed by the company. The assessment order stemmed from a GST input mismatch, initially involving an alleged gross demand of Rs. 11.51 lakh including a general penalty of Rs. 1.68 lakh.
The appellate authority partially accepted the company's submissions in the Appeal Order, resulting in a gross demand of Rs. 4.60 lakh, including a general penalty of Rs. 0.87 lakh. The company had previously paid Rs. 6.71 lakh, including a general penalty of Rs. 0.61 lakh, in relation to the initial demand.
Bajaj Electricals Limited’s management is evaluating legal options, which may include filing an appeal before an appellate tribunal or petitioning the Hon'ble High Court. The financial impact of the Appeal Order is expected to be limited to the extent of the demand and penalty levied. The order has no impact on the operational, financial, or other activities of the company.
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