Balkrishna Industries Limited has received an adjudication order from the Assistant Commissioner of CGST, Bhuj Division. The order confirms a demand of ₹1.05 crore along with an equivalent penalty for the financial years 2021-22 & 2022-23, related to input tax credit disallowance. The company stated that the order is appealable and it is in the process of contesting it at the higher appellate level, with no immediate impact on its financial or operational activities.
CGST Adjudication Order Received
Balkrishna Industries Limited announced on September 22, 2026, that it has received an adjudication order from the Assistant Commissioner of CGST, Bhuj Division. This order was issued under Section 74(1) of the CGST Act, 2017, and related rules, concerning the financial years 2021-22 and 2022-23. The order pertains to the disallowance of input tax credit.
Demand and Penalty Confirmation
The adjudication order has confirmed a demand of ₹1.05 crore against the company. In addition to the demand, an equivalent penalty has also been imposed. The company received this intimation via email on September 21, 2026, at 6:14 p.m. (IST). The details of the violation alleged relate to contraventions committed during the specified financial periods.
Company’s Stance and Appeal Process
Balkrishna Industries Limited has clarified that the order is appealable. The company is currently in the process of contesting the adjudication order at the higher appellate level. Crucially, the company has stated that there is no impact on the financial, operational, or other activities of the company due to this alleged tax demand. The information has been placed on the company’s website, www.bkt-tires.com.
Source: BSE
