Bosch Limited — Others, 05-02-2025: Action(s) taken or orders passed

Bosch Limited has received an order from the Deputy Commissioner of State Taxes in Haryana regarding a discrepancy in Input Tax Credit (ITC) under the SGST/CGST Act for the fiscal year 2017-18, citing excess credit availed in GSTR-3B compared to GSTR-2A. The financial implications include a penalty and tax amounting to ₹57.57 crore each, plus interest of ₹75.51 crore. This development could affect Bosch's financial health, with increased liabilities that may raise concerns among investors. Overall, while this situation presents challenges, proper management could mitigate impacts on operations.