Crompton Greaves Consumer Electricals: Appeals GST Order, ₹3.3 Cr Demand

Crompton Greaves Consumer Electricals Ltd has received an order from the Commissioner (Appeals) confirming a previous demand of ₹3.33 crore under the Goods and Services Tax Act, 2017. The demand pertains to alleged excess ITC claimed, short payment of tax, and ineligible ITC for the financial year 2019-20. The company plans to appeal this order, citing prevailing law and consultant advice, and expects a favorable outcome. While the potential financial impact is ₹3,32,72,923 (₹1.50 Cr tax, ₹1.68 Cr interest, ₹0.15 Cr penalty), the company states there is no material impact on its financials, operations, or other activities.