Bajaj Electricals faces ₹9.36 Cr GST demand; plans appeal
Bajaj Electricals Limited has received an assessment order dated December 31, 2025, from the Commercial Tax Officer, Chennai Central, Tamil Nadu. The order, issued under Section 74 of the Tamil Nadu G...
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Why is Bajaj Electricals Limited in the news today?
Bajaj Electricals Limited (BAJAJELEC) is in the news due to the company has received a significant tax demand and penalty, which is a negative development.
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Bajaj Electricals faces ₹9.36 Cr GST demand; plans appeal
December 31, 2025, 05:05 PM
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More Details on This News
Bajaj Electricals Limited has received an assessment order dated December 31, 2025, from the Commercial Tax Officer, Chennai Central, Tamil Nadu. The order, issued under Section 74 of the Tamil Nadu Goods and Services Tax Act, 2017, raises an alleged demand of ₹936.38 lakh.
This demand comprises a tax demand of ₹292.05 lakh, interest of ₹352.28 lakh, and a general penalty of ₹292.05 lakh. The GST Authority alleges short payment of tax liability by the Company for FY 2018-19, including the disallowance of input tax credit (ITC) claimed for the period.
The management is currently evaluating appropriate legal options, which include filing an appeal before the appropriate appellate authority or tribunal against the said order. The financial impact, if materialized, would be limited to the demand raised and penalty levied, with no impact on the company's operations.
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