Bajaj Auto Limited — Others, 21-01-2025: Action(s) taken or orders passed

Bajaj Auto has disclosed that it received an order from the Assistant Commissioner, CGST & CX, imposing a tax demand of ₹2.32 crore and a penalty of ₹0.23 crore due to identified discrepancies between its E-waybill and GSTR-3B for FY 2020-21. The company asserts that it has complied with all tax obligations and believes it has a strong case to contest the order, currently planning to file an appeal. While this may raise some operational hurdles, it expects no significant financial impact. Investors may view this as a neutral development, with the potential for resolution favorably affecting future operations.