Bajaj Electricals Reports Favorable Appeal Order on GST Demand
Bajaj Electricals Limited has received an updated ruling regarding a Goods and Services Tax (GST) assessment. The company confirmed the receipt of a favorable Appeal Order on April 22, 2026, from the Joint Commissioner, Secunderabad, Telangana, addressing a previous GST demand raised by the GST Authority.The matter originated from an assessment order dated April 30, 2024, issued by the Deputy Commissioner, STU-1, Secunderabad, Telangana, under Section 73 of the GST Act, 2017. This initial order had raised a total demand of Rs. 83.78 lakh, which included a general penalty of Rs. 8.38 lakh, concerning an alleged disallowance of GST input credit for the financial year 2018-19.
Following the appeal process, the Appellate Authority considered the submissions made by the Company. Bajaj Electricals Limited reported that the Appellate Authority issued the revised order with a significantly reduced total demand.
The key financial figures related to the assessment and the subsequent Appeal Order are presented below:
| Parameter | Initial Assessment Order (April 30, 2024) | Appeal Order (April 22, 2026) |
|---|---|---|
| Total Demand Raised | Rs. 83.78 lakh | Rs. 3.61 lakh |
| General Penalty | Rs. 8.38 lakh | Rs. 0.33 lakh |
The Company's management has accepted the revised demand set forth in the Appeal Order and has indicated no intention of filing any further appeal.
Bajaj Electricals Limited stated that the financial impact resulting from the Appeal Order will be confined only to the demand and penalty levied thereunder. Furthermore, the company affirmed that there is no impact of this order on its ongoing operational, financial, or other activities.
BAJAJELEC Stock Price Movement
As of 11:11 AM, Bajaj Electricals Limited shares are shedding 0.73% in live trading, currently priced at ₹395.3. The equity is seeing active participation, with a trading volume of 28,466 shares recorded so far.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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