Bata India has received a demand order imposing a penalty of ₹29,69,527, in addition to tax and interest, for ITC claims not in accordance with applicable laws. The order, dated November 5, 2025, pertains to the financial year 2022-23. Bata India believes it has a strong case and will contest the matter before appropriate authorities, anticipating no material financial impact.
ITC Claim Penalty
Bata India has received a demand order imposing penalties related to certain Input Tax Credit (ITC) claims. The order was issued on November 5, 2025.
Financial Impact
The penalty amounts to ₹29,69,527, in addition to the demanded tax and applicable interest. The penalty is related to the financial year 2022-23.
Company Response
Bata India plans to challenge the demand order, stating that they believe they have a strong case and do not anticipate any material financial impact from this matter.
Source: BSE
