Bajaj Electricals announced that the Appellate Authority has upheld a total Goods and Services Tax (GST) demand of ₹80.75 lakh, which includes a general penalty of ₹34.42 lakh, for the financial years 2017-18 and 2018-19. The order was received on March 30, 2026. Management is currently evaluating legal options, including potential appeal or writ petition, though the financial impact is currently limited to the demand levied.
Update on GST Assessment Order
Bajaj Electricals Limited has issued a mandatory disclosure regarding an adverse order received from the GST authorities concerning previous financial years. The company had previously informed stakeholders about an assessment order issued by the Additional Commissioner, Jaipur-III, Rajasthan (the “GST Authority”), raising a total demand of Rs. 80.75 lakh, which covered a general penalty of Rs. 34.42 lakh. This demand related to the delayed reporting of sales invoices under the GST Act, 2017.
Appellate Authority Decision
The company confirms receipt of the Appeal Order dated March 26, 2026, from the Commissioner (Appeals), Central Excise, Customs & Central Goods and Services Tax, Jaipur (the “Appellate Authority”). This order has upheld the entire previously raised demand totaling Rs. 80.75 lakh for the financial years FY 2017-18 and FY 2018-19.
Status of Appeal Withdrawal and Penalty Waiver
A key detail noted is that the company had previously withdrawn its appeal concerning FY 2017-18 and simultaneously submitted an application under the amnesty scheme seeking a waiver of both interest and penalty. However, the Appellate Authority appears not to have taken cognizance of this withdrawal application, as the final Appeal Order covers both FY 2017-18 and FY 2018-19.
Management Response and Financial Impact
The management team is currently assessing all appropriate legal avenues. These options inter alia include filing an appeal before the appropriate appellate tribunal or initiating a writ petition before the Hon’ble High Court against the decision.
The company states that the financial impact of this Appeal Order, should it materialize and not be overturned, would be strictly limited to the extent of the demand raised and the penalty levied thereunder. Crucially, the announcement confirms that there is no impact on the operational, financial, or other activities of the Company resulting from this order or assessment.
Source: BSE
