Bombay Dyeing Receives Order from State Tax Authority
Bombay Dyeing & Manufacturing Company Ltd. announced it received an order from The Assistant Commissioner of State Tax, (CST-INV-D-0303), Mumbai. The order, received via system-generated email on March 27, 2026, pertains to the financial year 2019-20 and concerns the treatment of infrastructure charges received on the sale of flats.According to the order, Bombay Dyeing is required to pay Rs. 80,24,960 in GST, Rs. 93,23,302 in interest, and Rs. 80,24,960 in penalty, totaling Rs. 2,53,73,222.
The company stated that, aside from the financial impact, this order has not impacted its operations or other activities. Bombay Dyeing intends to file an appeal with the Appellate Authority within the legally mandated timeframe.
| Particulars | Details | |
|---|---|---|
| Sr. No. | Nature and details of the action(s) taken, initiated or order(s) passed | Order received from the GST Authority under Section 74 for the Financial Year 2019-20 quantifying GST payable along with interest and penalty. |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority. | The Order was received by the Company via system generated email on Friday, 27 th March, 2026. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | Except to the extent of the financial impact mentioned above, this has not impacted the operations, or other activities of the Company. The Company will file necessary appeal with the Appellate Authority in this regard within the permissible timeline. |
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