Crompton Greaves Consumer Electricals Limited has received an order from the Commissioner (Appeals) partially confirming an earlier tax demand. The demand, related to a mismatch in input tax credit, amounts to INR 3,33,53,236. The company intends to appeal the order, citing prevailing law and consultant advice. Despite the potential impact, Crompton Greaves anticipates no material impact on financials or operations.
Tax Order Update
Crompton Greaves Consumer Electricals Limited received an order from the Commissioner (Appeals) regarding a previously disclosed matter. This relates to an assessment order from the Office of The Assistant Commissioner, South Zone, Baddi, Himachal Pradesh, for the year 2019-20.
Key Details of the Order
The Commissioner (Appeals) has partially upheld the order. The initial demand arose from a mismatch in input tax credit. The amount of the order is INR 3,33,53,236 which includes:
- Tax: INR 1,57,19,251
- Interest: INR 1,60,62,060
- Penalty: INR 15,71,925
Company’s Response
Crompton Greaves plans to appeal the order. This decision is based on the merits of the matter and advice from consultants. The company anticipates no material impact on its financials or operations. The order was officially received on December 22, 2025, at 11:00 am.
Source: BSE