Bajaj Electricals has received an adverse appeal order from the Appellate Authority under Section 107 of the CGST Act 2017, upholding a total GST demand of ₹3.62 crore. This demand includes a general penalty of ₹32.89 lakh, stemming from alleged disallowance of Input Tax Credit due to mismatches with GSTR 2A.
The company had previously filed an appeal against an assessment order issued by the Additional Commissioner, Circle-I, Jaipur III, Rajasthan, which was rejected by the Appellate Authority. The appeal order was dated 13 March 2026 and received by Bajaj Electricals on 18 March 2026.
The management of Bajaj Electricals is currently evaluating legal options, which may include filing an appeal before the appropriate appellate authority or a writ petition before the Hon’ble High Court against the appeal order.
The financial impact of this order is expected to be limited to the demand raised and penalty levied. Bajaj Electricals has stated that the order will not affect its operational, financial, or other activities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).