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

Bajaj Auto has received a penalty order from the Joint Commissioner, Central GST, confirming a demand for differential GST of ₹100.39 crores related to the classification of certain instruments from July 2017 to March 2022. The total penalty amounts to ₹100.42 crores, including interest and an additional general penalty. However, the company asserts that the order lacks merit and plans to pursue appropriate legal action given a writ petition that remains pending in the Bombay High Court. This update is unlikely to impact the company's financial health significantly, leaning toward a positive outlook for investors.