Bosch Limited — Others, 03-02-2025: Action(s) taken or orders passed

Bosch Limited has received an order from the Joint Commissioner of Central Tax, confirming a demand for differential tax amounting to ₹77.74 crore, along with an equivalent penalty. The classification issue arose from the company misapplying the HSN code for Electronic Control Units, leading to an incorrect GST rate. The financial implication is significant, totaling ₹155.48 crore for tax and penalty, not including the interest. This development may impact investor sentiment, introducing potential risk due to the substantial financial liability, though the company is focusing on compliance measures moving forward.