Bajel Projects Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
BAJEL · price
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Bajel Projects Limited has received a Show Cause Notice dated July 21, 2025 from the Office of the Joint Commissioner of State Tax, Danapur Circle-1, under Section 74A(1) read with 74(5)(i) of the GST Act, 2017. The notice imposes a total of Rs. 236.77 lakh in tax, interest, and penalty due to a mismatch between the company's GSTR3B and GSTR7 returns. The company has stated that it has already evaluated its compliance position, paid applicable taxes, and believes it has a strong case to defend itself. Bajel is in the process of filing its reply to the notice. The company has clarified there is no financial impact on its operations or activities at this stage.
The disputed amount of Rs. 236.77 lakh is relatively small, and since the matter is still at the show cause stage with the company preparing to contest it, the immediate impact on shareholders is limited. Investors should watch for the final outcome of the reply and any subsequent order, as an adverse ruling could create a minor one-time liability.