Bajaj Electricals Faces Rs 14.08 Crore GST Demand in Punjab
Bajaj Electricals Ltd has been issued a demand by the Punjab GST authority for Rs 14.08 crore. The demand is due to an alleged mismatch in the input tax credit claimed by the company during FY 2020-21. Bajaj is considering legal options to appeal the order.
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- India
Bajaj Electricals Ltd is facing a demand of Rs 14.08 crore from the GST authority in Punjab. The demand concerns an alleged mismatch in the input tax credit (ITC) claimed by the company.
The assessment order, dated February 20, 2025, was issued by the Office of the Assistant Commissioner in Mohali, alleging discrepancies linked to the reverse charge mechanism for the fiscal year 2020-21.
The company is now evaluating legal actions, including an appeal, and assures stakeholders that its financial operations remain unaffected by this demand.
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