Announced Fri, 17 Apr · 14:00 IST
Adverse GST appeal order; demand of Rs. 1.16 crore upheld
Compliance View source PDF
BAJAJELEC · price
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Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹387.20
prior close
₹392.60
base price
In-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Bajaj Electricals lost its appeal against a May 2023 GST assessment order. The appellate authority (Commissioner Appeals, Patna) upheld a total demand of Rs. 1.16 crore, including a penalty of Rs. 39.68 lakh, related to alleged disallowance of transitional credit in Form Tran-1. The company is evaluating further legal options, including an appeal to the appellate tribunal or a writ petition to the High Court. Management states there is no impact on operations or financials beyond the demand amount.
Likely market impact
Limited financial impact capped at ~Rs. 1.16 crore; company plans further legal recourse. No impact on operations.