Tax & Penalty19 Jun 2026, 01:23 pm
Bombay Dyeing Ordered to Pay ₹6.14 Cr GST, Interest, Penalty
AI Summary
Bombay Dyeing & Manufacturing Company Ltd has received an order from the Deputy Commissioner of State Tax, Appeal, Mumbai, concerning GST for the Financial Year 2018-19. The order demands ₹1,91,82,656 in GST, ₹2,30,72,794 in interest, and ₹1,91,82,656 in penalty, totaling ₹6,14,38,106. This demand relates to GST on infrastructure charges received from the sale of flats. The company stated that this has not impacted its operations beyond the financial impact and plans to file an appeal with the GST Appellate Tribunal within the permissible timeline.
Key Highlights
- Received GST order for FY19 demanding ₹6.14 Cr.
- Demand includes GST, interest, and penalty components.
- Related to infrastructure charges from flat sales.
- Company plans to appeal the order.
- No operational impact beyond the financial sum.
Price Impact
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