Balkrishna Industries Receives Adjudication Order Regarding Input Tax Credit
Balkrishna Industries Ltd. (BKT) announced it received an adjudication order from the Assistant Commissioner of CGST, Division Bhuj, Gandhdham (Kutch) on March 30, 2026. The order, pertaining to the financial years 2019-20 and 2020-21, concerns a demand of Rs. 93.73 Lakhs along with penalties related to the disallowance of input tax credit.The adjudication order was issued under section 74(1) of the CGST Act, 2017, along with corresponding provisions of the Gujarat State GST Act, 2017 and Section 20 of the IGST Act, 2017. The company received notification of the order via email at 3:46 p.m. (IST).
According to the company, the order has no anticipated impact on its financial, operational, or other activities. BKT intends to contest the order through the appellate process.
Details of the Adjudication Order:
| Particulars | Information / Remarks |
|---|---|
| Name of the authority | Assistant Commissioner of CGST, Division Bhuj, Gandhdham (Kutch) |
| Nature of action | Adjudication order issued u/s 74(1) of CGST Act, 2017 |
| Date of receipt | March 30, 2026 |
| Details of violation | Demand of Rs. 93.73 Lakhs along with penalty due to disallowance of input tax credit |
| Impact on activities | No impact; Order is appealable. |
The information is available on the company's website at www.bkt-tires.com.
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