Birla Cable Limited — Others, 01-02-2025: Action(s) taken or orders passed

Birla Cable Limited has received an order from the Joint Commissioner, CGST & Central Excise, confirming a GST demand of ₹594.90 crore, which includes a penalty of ₹594.90 crore. However, the demand for an additional ₹2007.79 crore was dropped. The order relates to non-payment of GST on a corporate guarantee for the financial years 2017-18 to 2022-23. The company asserts the demand is unsustainable and anticipates minimal impact on its financials or operations, as it plans to appeal the order. This situation may lead to cautious investor sentiment due to the potential financial liability, but the firm’s confidence in its appeal could provide a positive outlook.