Crompton Greaves Receives ₹1.47 Crore Tax Demand Order; Plans Appeal

Crompton Greaves Consumer Electricals Limited has received an order from the Assistant Commissioner, Baddi, Himachal Pradesh, for the period April 2021 to March 2022. The order imposes a demand of ₹1,...

Crompton Greaves Consumer Electricals Limited has received an order from the Assistant Commissioner, Baddi, Himachal Pradesh, for the period April 2021 to March 2022. The order imposes a demand of ₹1,47,47,140, which includes tax of ₹83,35,439, interest of ₹55,78,135, and a penalty of ₹8,33,546. The demand has been raised under section 73 of the GST Act, 2017, on account of alleged excess Input Tax Credit (ITC) claimed in GSTR 3B as compared to GSTR 2A for the specified period. The company received this order on December 16, 2025, at 6:35 PM. Based on the merits of the case and advice from consultants, Crompton Greaves plans to appeal this order before the Commissioner (Appeals). The company reasonably expects favorable orders from the appellate authorities. Despite the potential financial impact of ₹1,47,47,140, the company states there is no material impact on its financials, operations, or other activities.

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Why is Crompton Greaves Consumer Electricals Limited in the news today?

Crompton Greaves Consumer Electricals Limited (CROMPTON) is in the news due to the company received a tax demand order, which is a negative event. however, the company plans to appeal the order and expects a favorable outcome, and states there is no material impact on its financials or operations, balancing the overall sentiment to neutral.

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Crompton Greaves Receives ₹1.47 Crore Tax Demand Order; Plans Appeal

December 17, 2025, 10:32 AM

AI Sentiment Analysis

Crompton Greaves Consumer Electricals Limited has received an order from the Assistant Commissioner, Baddi, Himachal Pradesh, for the period April 2021 to March 2022. The order imposes a demand of ₹1,47,47,140, which includes tax of ₹83,35,439, interest of ₹55,78,135, and a penalty of ₹8,33,546.

The demand has been raised under section 73 of the GST Act, 2017, on account of alleged excess Input Tax Credit (ITC) claimed in GSTR 3B as compared to GSTR 2A for the specified period. The company received this order on December 16, 2025, at 6:35 PM.

Based on the merits of the case and advice from consultants, Crompton Greaves plans to appeal this order before the Commissioner (Appeals). The company reasonably expects favorable orders from the appellate authorities. Despite the potential financial impact of ₹1,47,47,140, the company states there is no material impact on its financials, operations, or other activities.

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