Baazar Style Retail Limited — Others, 07-02-2025: Action(s) initiated or orders passed

Baazar Style Retail Limited has received a GST demand order totaling INR 10.66 crore from the Additional Commissioner, Kolkata-North, related to input tax credit claims for the period from March 2019 to May 2019. The demand includes a tax component of INR 0.97 crore and a penalty of INR 9.69 crore. The company disputes the validity of the order and plans to appeal to the First Appellate Authority. While the demand represents a significant amount, Baazar Style asserts that it will not impact its financials or operations significantly, which may provide a neutral sentiment for investors.