BAJAJELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Electricals has received a favorable appellate order dated May 11, 2026, from the Office of the Appellate Joint Commissioner of State Tax, Secunderabad. The appellate authority has accepted the company's submissions and dropped the entire GST demand of Rs. 22.89 lakh, which included a penalty of Rs. 2.08 lakh. This relates to an original assessment order from August 2024 regarding alleged excess Input Tax Credit claimed during FY 2019-20. The company has confirmed there is no impact on its operational, financial, or other activities due to this order.
Positive development for the company as the GST demand has been fully overturned in appeal, removing any potential financial liability and regulatory uncertainty related to this matter.