Balkrishna Industries receives ₹1.05 Cr CGST demand + penalty

Balkrishna Industries Ltd. has received an adjudication order from the Assistant Commissioner of CGST, Bhuj Division, on September 21, 2026. The order, issued under Section 74(1) of the CGST Act, 2017, relates to financial years 2021-22 and 2022-23. It confirms a demand of ₹1.05 Crores along with an equivalent penalty, stemming from the disallowance of input tax credit. The company asserts that there will be no impact on its financial, operational, or other activities and intends to contest the order at a higher appellate level.