Bajaj Electricals has been issued an assessment order by the Madhya Pradesh GST authority regarding the 2019-20 financial year. The order demands a total of Rs. 5.75 crore, which includes a penalty of Rs. 1.88 crore. The company maintains that this order will not impact its operational or financial activities and is currently evaluating legal options to challenge the demand.
Details of the Tax Demand
On March 31, 2026, Bajaj Electricals received an assessment order from the Office of the Deputy Commissioner of State Tax in Indore, Madhya Pradesh. The GST authority has raised an alleged gross demand totaling Rs. 5.75 crore. This amount pertains to an alleged mismatch of Input Tax Credit during the 2019-20 financial year within the state of Madhya Pradesh. The total figure includes a penalty component amounting to Rs. 1.88 crore.
Management Stance and Financial Outlook
The company is currently in the process of evaluating its legal options regarding the assessment. These options include filing a formal appeal before the appropriate appellate authority to contest the order. The management has clarified that the potential financial impact is limited strictly to the demand and penalty specified in the assessment. Furthermore, the company has confirmed that there will be no impact on its operational, financial, or other business activities as a result of this development.
Source: BSE
