Bajaj Auto Limited — Others, 31-01-2025: Action(s) taken or orders passed

Bajaj Auto has announced a board meeting to discuss an appeal against a penalty order from the CGST Superintendent. The order cites an alleged demand for Rs. 74,818 due to non-reversal of Input Tax Credit (ITC) related to the sale of MEIS scrips from July 2017 to March 2020. The company asserts that it has adhered to GST laws and believes the order lacks merit, stating that the transaction was exempt from ITC reversal based on recent government amendments. This situation appears to have a neutral impact on financial health, presenting a potential risk but also an opportunity for clarification on compliance issues that could reassure investors.