Bansal Wire Industries Limited Receives Favorable Appeal Order on GST/SGST Assessment
Bansal Wire Industries Limited announced the receipt of a favorable appeal order concerning a Goods and Services Tax (GST) and State GST (SGST) assessment for the financial year 2023-24. The order, received on May 18, 2026, pertains to an appeal filed against a Joint Commissioner, SGST, assessment order issued under Section 74 of the CGST/SGST Act, 2017.The appeal, which was heard by the Additional Commissioner Grade-II Appeal, addressed alleged issues related to E-way bill procedures, the availment of blocked and excess Input Tax Credit (ITC), and non-payment of tax on the sale of RODTEP license.
The company detailed the financial implications resulting from the appeal order. Out of the total assessed amount of Rs. 39,87,711/- for the financial year 2023-24, Bansal Wire Industries Limited paid a sum of Rs. 44,491/-. The balance amount of Rs. 39,43,220/- was consequently reduced to Nil.
The company noted that the appeal order reaffirms its strong compliance framework. According to the details provided, the matter has no financial, operational, or other business impact on Bansal Wire Industries Limited.
The financial details regarding the appeal order are summarized below:
| Detail | Amount (INR) | Description |
|---|---|---|
| Total Initial Liability | Rs. 39,87,711/- | Assessment total for FY 2023-24 |
| Amount Paid by Company | Rs. 44,491/- | Amount paid following the order |
| Reduced Balance Amount | Rs. 39,43,220/- | Reduced to Nil |
Bansal Wire Industries Limited stated that the favorable order received on May 18, 2026, has no financial impact on the company.
BANSALWIRE Stock Price Movement
Bansal Wire Industries Limited shares today slipped by 0.46% to settle at ₹301.75. The stock shed ₹1.40 per share, closing on a day that saw 63,437 shares traded.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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