Legal9 Jun 2026, 05:33 pm
Bajaj Electricals: GST Appeal Order Confirms ₹10.95 Cr Demand
AI Summary
Bajaj Electricals Ltd has received an adverse appellate order from the Commissioner (Appeals) regarding a GST demand for FY 2020-21. The order confirms a gross demand of ₹10.95 crore, including a penalty of ₹0.99 crore, disallowing input tax credit. The company's appeal was dismissed, and management is evaluating legal remedies, including further appeals. The financial impact is limited to the demand and penalty, with no current impact on operations or other activities.
Key Highlights
- GST appellate order confirms ₹10.95 Cr demand and ₹0.99 Cr penalty.
- Company's appeal against GST demand for FY 2020-21 dismissed.
- Management evaluating further legal remedies, including tribunal appeal.
- No impact on operational or financial activities currently.
Price Impact
More from BAJAJELEC