Bajaj Consumer Care Limited — Others, 25-01-2025: Action(s) initiated or orders passed

Bajaj Consumer Care Limited has received a tax demand order from the State Tax Officer in Odisha, requiring payment of ₹4.39 crore in tax, ₹2.97 crore in interest, and ₹1.44 crore in penalty. This order results from the disallowance of ineligible input tax credit (ITC) and ITC mismatches. However, the company states that there is no impact on its operations or financial activities and is planning to appeal the decision at a higher level. This situation may create a neutral impact on investor sentiment, with the potential for resolution through the appeal process.