Bajaj Electricals Limited has disclosed the receipt of an Assessment Order from the GST Authority dated March 30, 2026. The order pertains to the alleged non-filing of GSTR 3B returns by its vendors, resulting in a gross demand of Rs. 67.31 lakh. This figure includes a penalty of Rs. 33.65 lakh. The management is currently assessing legal options, including filing an appeal. The company confirmed there is no current impact on operations or finances.
Disclosure of Tax Assessment Order
Bajaj Electricals Limited has informed the stock exchanges regarding the receipt of an Assessment Order issued by the Office of the Assistant Commissioner of CGST & Central Excise, Mumbai. The order, dated March 30, 2026, was formally received by the Company on the same day at 17:36 hours.
Details of the GST Demand
The Assessment Order, issued under Section 74 of the CGST Act, 2017, has raised an alleged gross demand totaling Rs. 67.31 lakh. This demand primarily relates to the non-filing of GSTR 3B returns by vendors associated with the Company. Notably, the amount includes a significant penalty component amounting to Rs. 33.65 lakh.
Management Response and Financial Impact
The management team is currently in the process of evaluating all appropriate legal options available. These options inter alia include the filing of an appeal before the designated appellate authority against the Order. The Company has explicitly stated that if the financial impact of the Order materializes, it would be strictly limited to the extent of the demand raised and the penalty levied.
Furthermore, the Company assures stakeholders that this Order/assessment currently has no impact on the operational, financial, or other day-to-day activities of Bajaj Electricals Limited.
Source: BSE
