GST: adverse appellate order imposes Rs. 627.36 lakh demand, including Rs. 31.89 lakh penalty
The company has received an adverse GST appellate order for FY 2019-20, imposing a total demand of Rs. 627.36 lakh.
By ScoutQuest · · 2 min read
- Total GST Demand
- Rs. 627.36 lakh
- General Penalty
- Rs. 31.89 lakh
- Financial Year
- FY 2019-20
What the company has informed the exchanges
Bajaj Electricals has shared an update on an ongoing GST matter relating to FY 2019-20.
- Earlier position: the company had informed about an order dated August 31, 2024 issued by the Office of the Assistant Commissioner of Revenue under Section 73(9) of the CGST/WBGST Act, 2017 read with Section 20 of the IGST Act, 2017, imposing a total demand of Rs. 632.52 lakh, which included a general penalty of Rs. 32.16 lakh. This related to alleged excess input tax credit (ITC) claimed and alleged short payments of GST during FY 2019-20.
- The update: the company has now received an adverse appellate order for FY 2019-20 from the Office of the Additional Commissioner, Corporate Division, West Bengal, imposing a total demand of Rs. 627.36 lakh, which includes a general penalty of Rs. 31.89 lakh.
What the company says it will do
- The management is evaluating the appropriate legal remedies available under law, including update an appeal before the appropriate appellate tribunal and/or initiating writ proceedings before the Hon'ble High Court against the appellate order.
What the company says on financial impact
- The financial impact of the appellate order, if it materialises, would be limited to the extent of the demand raised and the penalty levied under it.
- The company states there is no impact on the operational, financial or other activities of the company on account of this order.
How a retail investor can read this
- This is an update on an existing tax dispute, where the appellate authority has passed an order and the company is still pursuing legal remedies.
- The two figures to note are the total demand of Rs. 627.36 lakh and the general penalty of Rs. 31.89 lakh in the appellate order, against the earlier total demand of Rs. 632.52 lakh which included a general penalty of Rs. 32.16 lakh.
- The company's own stated position is that any financial impact would be limited to the demand and penalty if it materialises, and that there is no impact on its operations.
Also from Bajaj Electricals
Adverse GST appellate order for FY 2019-20 imposes total demand of Rs. 627.36 lakh
13 Oct 2026
Bajaj Electricals to hold Q2FY27 earnings call on Oct 28, 2026, hosted by ICICI Securities
12 Oct 2026
Board meeting on October 28, 2026 to consider Q2 and half-year unaudited results
7 Oct 2026
More numbers
- Total demand in the appellate orderRs. 627.36 lakh
- General penalty included in the appellate orderRs. 31.89 lakh
- Total demand in the earlier assessment orderRs. 632.52 lakh
- General penalty in the earlier assessment orderRs. 32.16 lakh
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