Announced Tue, 30 Jun · 16:56 IST
Bajaj Auto wins GST appeal; demand of Rs 1.5 lakh set aside
BAJAJ-AUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹9691.00
prior close
₹9762.00
base price
After-mkt
timing
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+0.5+0.5+0.8+0.9+1.5+0.9+3.5+4.3+4.9+4.7+13.7———
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AI summary
Bajaj Auto won its appeal against an earlier GST demand of Rs 74,818 (plus equal interest and penalty), related to alleged non-reversal of ITC on sale of MEIS scrips for July 2017 to March 2020. The Commissioner (Appeals), Central Tax, Pune, set aside the original order on 30 June 2026, dropping all allegations under Section 74 of the CGST Act, 2017. The amount involved was small, and the company says there is no material financial or operational impact.
Likely market impact
Favorable outcome. Small tax demand fully set aside by appellate authority. No material impact on finances or operations.