Bhageria Industries Limited Receives GST Demand Order
Bhageria Industries Limited announced that it received a Goods and Services Tax (GST) demand order from the Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate on March 30, 2026.The order confirmed a demand for Input Tax of ₹10,52,26,565 in IGST. This demand is linked to ineligible Input Tax Credit and covers the period from April 2019 to March 2020, accompanied by interest and a penalty.
According to an attached statement, the company intends to file an appeal with the Commissioner (Appeals) before the due date. The company stated that this order will not impact its financial operations or other activities.
Details of the GST Demand Order
| Particulars | Details |
|---|---|
| Name of the Authority | Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division-IV Palghar Commissionerate |
| Nature and details of the action(s) taken, or orders (s) passed by the authority | Demand of Input Tax confirmed amounting to ₹ 1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017, on account of ineligible Input Tax Credit, along with interest under Section 50 of the Act and penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act, for the period April 2019 to March 2020. |
| Date of receipt of direction or order including and ad-interim or interim orders or any other communication from the authority | March 30, 2026 |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | There is no impact on financial operations or any other activities of the Company due to this order. |
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