Bansal Wire Industries Limited has received a favorable appeal order regarding a GST assessment for the financial year 2019-20. The company had previously filed an appeal against an order issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I, which had imposed a tax, interest, and penalty totaling ₹69,38,980. Following the appeal, the tax liability has been reduced to Nil. Consequently, there is no demand for tax, penalty, or interest, and the company confirms that this outcome has no financial impact. The order is seen as a reaffirmation of the company's robust compliance framework. The order was received on February 18, 2026. The original allegations pertained to issues with E-way bills, availment of blocked and excess Input Tax Credit (ITC), and non-payment of tax on the sale of the RODTEP license. The company has also informed the stock exchanges, BSE Ltd. and National Stock Exchange of India Limited, about this development.
