Bombay Dyeing Receives GST Demand Order of ₹43.6 Crore for FY22
Bombay Dyeing & Mfg Company Limited has received an order from the Deputy Commissioner of Maharashtra State Goods and Services Tax (GST) department. The order, dated December 30, 2025, pertains to th...
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Why is Bombay Dyeing & Mfg Company Limited in the news today?
Bombay Dyeing & Mfg Company Limited (BOMDYEING) is in the news due to the company has received a significant demand order from the gst authorities, which includes tax, interest, and penalty, indicating a negative financial event.
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Bombay Dyeing Receives GST Demand Order of ₹43.6 Crore for FY22
December 31, 2025, 12:54 PM
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Bombay Dyeing & Mfg Company Limited has received an order from the Deputy Commissioner of Maharashtra State Goods and Services Tax (GST) department.
The order, dated December 30, 2025, pertains to the Financial Year 2021-22 and is issued under Section 73 of the CGST/MGST Act, 2017.
The demand arises from discrepancies related to high value credit notes shown in GSTR 1, negligible inward E-way bills, and turnover reconciliation in GSTR 9C. The total demand includes tax, interest, and penalty amounting to ₹22,44,05,197, ₹18,92,85,782, and ₹2,24,59,599 respectively, totaling ₹43,61,50,578.
The company stated that this demand has not impacted its operations, except for the financial implication. Bombay Dyeing intends to take necessary actions, including exploring available legal remedies under the GST Act.
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