Bombay Dyeing & Mfg Company Limited has informed the Exchange about Action(s) taken or orders passed
BOMDYEING · price
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Bombay Dyeing has received a GST DRC-07 order from the Deputy Commissioner of Maharashtra State Goods and Services Tax (Ghatkopar) under Section 73 of the CGST/MGST Act 2017 for FY 2021-22. The order relates to discrepancies in high-value credit notes shown in GSTR 1 with negligible inward e-way bills and turnover reconciliation issues in GSTR 9C-7G. The total demand quantified is Rs. 43.62 crore, comprising Rs. 22.44 crore in tax, Rs. 18.93 crore in interest, and Rs. 2.25 crore in penalty. The company received the order via email on December 30, 2025. The company has stated that operations are not impacted and it will pursue legal remedies under the GST Act to contest the order.
This is a significant tax demand of Rs. 43.62 crore that could weigh on the company's financials if upheld, though the company plans to challenge it. For shareholders, this adds to the company's existing tax and regulatory overhang and could pressure the stock in the short term until the matter is resolved.