Bombay Dyeing Receives GST Order for Infrastructure Charges, Quantum Reaching Over 6 Crore
Bombay Dyeing & Mfg Company Limited has received an order from the Deputy Commissioner of State Tax, Appeal, concerning a demand related to Goods and Services Tax (GST) on infrastructure charges. The order pertains to financial transactions involving the sale of flats during the Financial Year 2018-19.The company received the official order via system generated email on June 18, 2026. The action taken by the GST Authority under Section 107 of the MGST ACT 2017 has quantified a significant tax demand along with interest and penalty.
Details regarding the demand are provided in the following table:
| Particulars | Details |
|---|---|
| Authority Issuing Order | Deputy Commissioner of State Tax, Appeal, (MUM-APP-E-0401), Mazgaon, Nodal Division- 04 Mumbai |
| GST Demand Raised | Rs. 1,91,82,656/- |
| Interest Amount | Rs. 2,30,72,794/- |
| Penalty Amount | Rs. 1,91,82,656/- |
| Total Demand | Rs. 6,14,38,106/- |
The Order specifically relates to GST demand on infrastructure charges that were received by the company in connection with the sale of flats.
Regarding the impact on the company's operations and financial activities, the management stated that apart from the aforementioned financial impact, the GST order has not affected the operational or other activities of Bombay Dyeing. The company intends to file a necessary appeal regarding this matter with the GST Appellate Tribunal (GSTAT) within the permissible timeframe.
This development is part of ongoing proceedings related to the tax demand and subsequent appeals concerning infrastructure charges for flat sales.
BOMDYEING Stock Price Movement
Shares of Bombay Dyeing & Mfg Company Limited gain modestly as they trade at ₹133.7 as of 1:30 PM, reflecting a slight climb of 0.19% in live trading. The equity is seeing brisk activity with over 573,727 shares exchanging hands during the market session.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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