Bajaj Electricals Limited — Important, 28-02-2025: General Updates

Bajaj Electricals Limited has received several final assessment orders from various regulatory authorities regarding disallowances of GST Input Tax Credit for the financial year 2020-21.

1. From the Deputy Commissioner of Commercial Taxes in Bengaluru, a demand of ₹18.90 lakh has been raised, which includes a penalty of ₹0.86 lakh.

2. The Deputy Commissioner of State Tax in Raipur has issued a demand of ₹36.18 lakh, with a penalty of ₹1.99 lakh.

3. The Joint Commissioner of CGST & Central Excise in Lucknow has a demand of ₹10.95 crore, which includes a penalty of ₹99.59 lakh.

The company is exploring legal options and will file appeals as necessary. Importantly, these orders are not expected to impact the financial operations or other activities of Bajaj Electricals. Investors should watch closely for any developments in the appeal process, as these assessments could have implications on future financial stability.