Bansal Wire Industries Limited has announced a favorable outcome in its appeal against a GST assessment order. The company had previously informed about its intention to appeal the order issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I for the financial year 2020-21. Following the appeal, the company has received an order reducing its tax liability from ₹1,01,31,788 to Nil. Consequently, there is no demand for tax, penalty, or interest, and the order has no financial impact on the company. The company stated that this order reaffirms its strong compliance framework. The appeal was related to alleged issues concerning E-way bills, availment of blocked and excess Input Tax Credit (ITC), and non-payment of tax on the sale of RODTEP licenses. The order, received on February 18, 2026, confirms that there is no financial, operational, or other business impact on the company.
