Crompton Greaves Consumer Electricals Appeals ₹8.37 Lakh Interest Demand

Crompton Greaves Consumer Electricals Ltd has received an order from the Deputy Commissioner of Appeals, Chennai, upholding an interest demand of INR 8,37,680 for the period July 2017 to March 2018. The demand comprises CGST of INR 1,02,449 and SGST of INR 7,35,231. The company plans to appeal this order, citing a delayed filing of GSTR-3B due to GSTN portal technical errors, despite taxes being deposited on time. The company expects a favourable outcome from the appellate authorities and states there is no material impact on its financials or operations.