Bajaj Electricals Limited has informed the Exchange about General Updates
BAJAJELEC · price
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Awaiting price reaction for this filing.
Bajaj Electricals informed the exchanges that GST proceedings related to an excess input tax credit claim for FY 2019-20 have been closed. The original demand of Rs. 0.30 lakh (including a Rs. 0.20 lakh penalty) from the Assam GST authority in August 2024 has now been resolved under the Government of India's Amnesty Scheme. Under the scheme, the company paid only the tax component of Rs. 0.10 lakh, while interest and penalty have been fully waived under Section 128A of the CGST Act, 2017. The company confirmed the matter has no impact on its financial operations or other activities.
The financial impact is negligible — only Rs. 0.10 lakh paid — and the matter is now fully closed with no remaining liability. This is a routine regulatory disclosure with no material bearing on the stock price or business outlook.