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

Baazar Style Retail Limited has received a GST demand order from the Deputy Commissioner for FY 2017-18, totaling ₹15.49 crore, which includes tax, interest, and penalties. This demand arises from a mismatch of Input Credit due to vendor registration issues. While the company does not anticipate any operational or financial impact from this order, it plans to appeal the ruling, asserting that the demand is not justified under the law. Investors may view this situation as a potential risk, pending the outcome of the appeal and its implications for future operational stability.