Legal25 Feb 2026, 01:42 pm
Bombay Dyeing & Manufacturing Company Ltd Receives Significant Reduction in GST Demand for F.Y. 2019-20
AI Summary
Bombay Dyeing & Manufacturing Company Ltd has announced a significant reduction in the Goods and Services Tax (GST) demand for the financial year 2019-20. The company had previously disclosed a demand of Rs. 188.84 crore (including interest & penalty) in August 2024. After filing an appeal within the prescribed timeline before the Joint Commissioner (Appeals), the order was passed by the Authority on February 24, 2026, partly allowing the appeal and reducing the total demand. The revised liability covering IGST, CGST, and SGST (including interest and penalty) now stands at Rs. 123.28 crore (after adjustments). The company is considering further legal recourse in the matter.
Key Highlights
- Bombay Dyeing & Manufacturing Company Ltd receives significant reduction in GST demand for F.Y. 2019-20.
- The initial demand was Rs. 188.84 crore (including interest & penalty).
- The company filed an appeal within the prescribed timeline before the Joint Commissioner (Appeals).
- The appeal has been partly allowed, reducing the total demand to Rs. 123.28 crore (after adjustments).
- The company is evaluating further legal recourse in the matter.