Bombay Dyeing Receives GST Demand Notice for ₹4.84 Cr

Bombay Dyeing & Manufacturing Company Ltd has received a Demand-cum-Show Cause Notice (SCN) from the Assistant Commissioner of State Tax, Mumbai. The notice pertains to GST demand on infrastructure charges related to flat sales and interest on late reversal of input tax credit for the Financial Year 2020-21. The total demand, including GST, interest, and penalty, amounts to ₹4,84,19,772. The company has already paid ₹1,52,25,088 under protest, leaving a balance liability of ₹3,31,94,684 for interest and penalty. The company plans to file a reply within the stipulated timeline. The impact on operations is minimal, except for the financial aspect mentioned.