Bajaj Electricals confirmed receiving an adverse Appeal Order concerning a GST dispute initiated in Jaipur. The Appellate Authority rejected the company’s appeal, upholding the original demand of ₹3.62 crore, which includes a general penalty of ₹32.89 lakh. This relates to the alleged disallowance of Input Tax Credit due to mismatched data. The management is currently evaluating options, including filing a further appeal.
Confirmation of Adverse Tax Order
Bajaj Electricals Limited has disclosed the receipt of an adverse Appeal Order dated March 13, 2026, concerning a Goods and Services Tax (GST) assessment from March 31, 2024. The order was issued by the Commissioner (Appeals), Central Excise, Customs & Central Goods and Services Tax, Jaipur.
Details of the Demand
The Appellate Authority rejected the company’s appeal application concerning the earlier assessment order. Consequently, the total demand of Rs. 3.62 crore has been upheld. This total liability primarily stems from the alleged disallowance of Input Tax Credit due to mismatches reported in GSTR 2A filings. The upheld amount specifically includes a general penalty amounting to Rs. 32.89 lakh.
Management Response and Financial Impact
The management team is currently assessing the necessary legal recourse. Options being evaluated include filing an appeal before the appropriate appellate authority or initiating a writ petition before the Hon’ble High Court against this recent Appeal Order. The Company noted that if the order materializes fully, the financial impact would be limited strictly to the demand raised and the penalty levied. Crucially, the Company stated there is no impact on the operational, financial, or other activities of Bajaj Electricals as a result of this assessment.
Source: BSE
