BAJAJELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Electricals has received an appellate order dated May 8, 2026, which upheld an earlier GST assessment order. The appellate authority upheld a total demand of Rs. 2.69 crore, including a penalty of Rs. 0.14 crore, raised by the GST Authority in Kolkata. The demand relates to FY 2020-21 and pertains to alleged issues with Reverse Charge Mechanism and input tax credit mismatches. The company plans to pursue further legal remedies, including filing an appeal with the appellate tribunal and/or initiating writ proceedings in the High Court.
The potential financial impact is limited to Rs. 2.69 crore, which is a relatively small amount for the company. The company states there is currently no impact on its operational or financial activities. However, this represents an unresolved tax dispute that investors should monitor.