Bhageria Industries Limited has informed the Exchange about General Updates
BHAGERIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bhageria Industries has received a GST demand order from the Office of the Asst./ Dy. Commissioner of CGST & Central Excise, Division-IV Palghar Commissionerate, dated 30th March 2026. The order demands ₹1,05,22,565 (about ₹1.05 crore) in IGST towards ineligible Input Tax Credit for the period April 2019 to March 2020, along with applicable interest and a penalty equal to the tax amount. The action has been taken under Sections 74(9), 50, and 122(2)(b) of the CGST Act, 2017. The company has stated it will file an appeal before the Commissioner (Appeals) before the due date.
The company claims no material impact on its financial operations or other activities and intends to appeal the order. For shareholders, the ₹1.05 crore demand is relatively small compared to typical corporate financials, but the outcome of the appeal could affect future tax liabilities and is worth monitoring.