Bajaj Electricals Receives Assessment Order from Madhya Pradesh Tax Authority
Bajaj Electricals Limited announced today, April 1, 2026, that it has received an Assessment Order from the Office of the Deputy Commissioner of State Tax in Indore, Madhya Pradesh. The order, dated March 31, 2026, pertains to an alleged mismatch of Input Tax Credit for the financial year 2019-20.The GST Authority has raised a gross demand of Rs. 5.75 crore, including a penalty of Rs. 1.88 crore. The company is currently evaluating legal options, including filing an appeal against the order.
According to Bajaj Electricals, the financial impact would be limited to the extent of the demand raised and penalty levied. The order is not expected to impact the company’s operational, financial, or other activities.
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