Bajaj Electricals Limited has announced that the Appellate Authority & Additional Commissioner of Revenue, State Tax, Large Taxpayer Unit, West Bengal, has upheld an earlier assessment order demanding ₹2.69 crore, including a penalty of ₹0.14 crore. The order, dated 8 May 2026, was received by the company on the same day at 2:26 p.m.
The assessment order, originally issued by the Assistant Commissioner of Revenue, Office of the Special Commissioner, Corporate Division Circle, Directorate of Commercial Taxes, Kolkata, West Bengal, under Section 73 of the West Bengal Goods and Services Tax Act, 2017, and Section 73 of the Central Goods and Services Tax Act, 2017, raised the demand on account of alleged liability under the Reverse Charge Mechanism and a mismatch in input tax credit claimed by the company for the financial year 2020-21.
In response to the appellate order, Bajaj Electricals‘ management is currently evaluating potential legal remedies. These may include filing an appeal before the appropriate appellate tribunal or initiating writ proceedings before the Hon’ble High Court against the decision.
The company has clarified that the financial impact of the appellate order, if realised, would be limited to the demand raised and the penalty levied. Bajaj Electricals has stated that the order does 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).