Bajaj Auto wins GST appeal; demand of Rs 1.5 lakh set aside

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

BAJAJ-AUTO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹9691.00

prior close

₹9762.00

announcement price

After-mkt

timing

Nifty 100market+0.6%+1.0% vs market

2/3 Wheelers peers, median of 6sector+0.8%+0.8% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty 100 and 0.8 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.5

15m

+0.8

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.6+1.0+0.8+0.8

Next day

+1.5+1.3+0.3+3.2-1.6

+0.9+1.6-0.6+2.7-1.7

+3.5+2.2+1.3+3.6-0.1

+4.3+2.0+2.3+5.2-0.9

+4.9-0.1+5.0+5.0-0.1

+4.7+1.4+3.4+4.3+0.5

15d

+13.7+0.6+13.1+9.5+4.2

+22.3+3.9+18.5+13.3+9.0

+27.2+1.0+26.3+18.2+9.0

+3.7-5.6+9.3+11.9-8.2

UpDownMarket · Nifty 100Sector · 2/3 Wheelers peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.