Bajaj Electricals GST Demand Reduced to ₹92.89 Lakh

Bajaj Electricals Ltd has received an appellate order reducing a GST demand for FY 2018-19 from ₹1.34 crore to ₹92.89 lakh, including a penalty of ₹4.28 lakh. The original demand was related to alleged differences in tax payable, input tax credit, B2B tax declared, and credit notes. The company is evaluating further legal remedies, including an appeal to the tribunal or High Court. The financial impact is limited to the reduced demand and penalty, with no impact on operations. The management is considering appropriate legal actions.