GST appellate order sets aside assessment order; Rs.29.63 lakh demand including Rs.2.69 lakh penalty dropped

Company update: A GST appellate authority has set aside an earlier assessment order for FY 2017-18 and dropped the gross demand of Rs.29.63 lakh, which included a general penalty of Rs.2.69 lakh.

Thu 1 Oct 2026

Gross demand dropped

Rs.29.63 lakh

General penalty dropped

Rs.2.69 lakh

Assessment year

FY 2017-18

Appellate authority

Office of the Commissioner (Appeals), Central GST & Central Excise, Ranchi, Jharkhand

Earlier assessment order date

December 30, 2023

What the company disclosed

Bajaj Electricals has informed the stock exchanges about a favourable appellate order received under the Goods and Services Tax framework for FY 2017-18. The order was received by the company on October 1, 2026 at 12:04 p.m.

What the earlier order was

• The company had earlier informed the exchanges about an assessment order received on December 30, 2023, issued by the Deputy Commissioner, Ranchi, Jharkhand under Section 73 of the Goods and Services Tax Act, 2017.
• That order imposed a gross demand amounting to Rs.29.63 lakh, which, among other things, included a general penalty of Rs.2.69 lakh.
• The demand arose on account of disallowance of Input Tax Credit (ITC).

What the new order says

• The Office of the Commissioner (Appeals), Central Goods and Service Tax & Central Excise, Ranchi, Jharkhand has passed a favourable appellate order for FY 2017-18.
• By way of this order, the appellate authority has set aside the assessment order passed by the GST Authority.
• The gross demand of Rs.29.63 lakh, including the general penalty of Rs.2.69 lakh, has been dropped.

Financial impact as stated

• The company states that the financial impact of this order is limited solely to the relief granted under the appellate order.
• It states there is no other impact on the operational, financial or other activities of the company on account of this order or the assessment.

How a reader can look at this

A demand that had been raised earlier is no longer payable following the appellate order, which removes a contingent outflow of the amount mentioned. The update itself does not quantify any other effect, and the company describes the impact as confined to the relief granted.

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