Bhageria Industries Limited has informed the Exchange about General Updates
BHAGERIA · price
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Awaiting price reaction for this filing.
Bhageria Industries has received a GST demand order from the Additional Commissioner, CGST & Central Excise, Palghar Commissionerate, dated December 30, 2025. The order confirms penalties of ₹1.80 crore and ₹75.17 lakh under Section 74(1) of the CGST Act for alleged excess availment of Input Tax Credit (ITC) on Compensation Cess across FY 2018-19 to FY 2024-25. Additional tax demands include ₹37.48 lakh in IGST and ₹3.87 lakh each in IGST and SGST for excess ITC claimed in GSTR-3B versus GSTR-2A, along with applicable interest and penalties. The total monetary impact is approximately ₹3 crore. The company has stated it will file an appeal before the Commissioner (Appeals) and claims no material impact on its financial operations or other activities.
The order involves a total demand of roughly ₹3 crore, which is not considered material by the company. However, if the appeal is unsuccessful, this could become a financial liability. Investors should monitor the outcome of the appeal and any further disclosures.