Bajaj Electricals Loses GST Appeal for ₹9.36 Cr Demand

Bajaj Electricals Ltd has received two adverse appellate orders from the Commissioner (Appeals), Customs, Central Excise, Service Tax & CGST, Jaipur, for FY 2018-19. These orders uphold the original GST demands totaling ₹9.36 crore (₹2.83 crore in the first order and ₹6.53 crore in the second), including penalties of ₹25.68 lakh and ₹59.37 lakh respectively. The company had previously informed about these assessment orders due to GST input mismatch. Management is evaluating legal remedies, including an appeal to the appropriate appellate tribunal or writ proceedings. The financial impact is limited to the demand and penalty, with no impact on operations.