Bajaj Auto Limited — Others, 01-03-2025: Action(s) taken or orders passed

Bajaj Auto has received a tax demand order from the Deputy Commissioner of State Tax, Pune, imposing a penalty totaling ₹138.53 crore related to GST classification for FY 2020-2021. The authorities claim the company misclassified certain auto parts, demanding a higher GST rate of 28% instead of the 18% the company has used. However, Bajaj Auto asserts it has a strong case, citing over three decades of consistent HSN classification and acceptance of this method by tax authorities. The company is appealing the order and does not foresee a material impact on its finances or operations. Investors may view this as a positive outlook given the company's confidence in its legal standing.