Legal25 Jul 2026, 08:00 pm
Bansal Wire Subsidiary Wins Appeal, Interest Demand Reduced to NIL
AI Summary
Bansal Wire Industries Limited announced that its wholly-owned subsidiary, Bansal Steel & Power Limited (BSPL), has successfully appealed a GST interest demand of ₹16,88,804/-. The Joint Commissioner of State Tax (Appeals), Rohtak, accepted BSPL's appeal, reducing the interest demand to NIL. This follows an earlier GST notice for the financial year 2017-18, which included a tax liability and penalty. The company states this matter has no financial, operational, or other business impact.
Key Highlights
- Subsidiary BSPL wins appeal against GST interest demand.
- Interest demand of ₹16,88,804/- reduced to NIL.
- Order received from Joint Commissioner of State Tax (Appeals), Rohtak.
- No financial or operational impact on the company.
- Case closed with the appellate authority.
Price Impact
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