Crompton Greaves Consumer Electricals Limited announced the receipt of an order from the Central Tax Office, Vijaywada, imposing a tax demand totaling INR 4,50,41,295/- for the April 2019 to March 2020 period. The demand primarily stems from an alleged excess claim of Input Tax Credit (ITC). The Company plans to appeal the order, expecting favorable outcomes, and currently assesses no material impact on its financials or operations.
Regulatory Disclosure on Tax Order
Crompton Greaves Consumer Electricals Limited has formally disclosed the receipt of an order from the Assistance Commissioner of Central Tax, Vijaywada, regarding tax assessments for the fiscal period spanning April 2019 to March 2020. The communication detailing this action was received on March 23, 2026, at 10:47 AM.
Details of the Tax Demand
The order, raised under Section 74 of the GST Act, 2017, imposes a total demand amounting to INR 4,50,41,295/-. This total is broken down into Tax (INR 1,39,98,461/-), Interest (INR 1,70,44,373/-), and Penalty (INR 1,39,98,461/-). The basis of the demand is the alleged excess Input Tax Credit (ITC) claimed in GSTR 3B when compared against GSTR 2A figures for the specified period.
Company Response and Financial Impact Assessment
Following consultation with legal experts, the management has decided to challenge this assessment. The Company intends to appeal the order before the Commissioner (Appeals), expressing a reasonable expectation of securing favorable resolutions from the appellate authorities. Quantitatively, the potential financial impact is stated to be INR 4,50,41,295/-. However, the Company confirms that, at present, there is no material impact resulting from this order on its overall financials, operations, or other business activities.
Source: BSE
