Bajaj Electricals has been issued an Assessment Order by the GST Authority, raising a gross demand of ₹67.31 lakh. This includes a penalty of ₹33.65 lakh due to non-filing of GSTR 3B returns by vendors.
The company is currently evaluating legal options, including the possibility of filing an appeal against the order. The financial impact, if realised, would be restricted to the demand and penalty specified in the order. Importantly, Bajaj Electricals has stated that there is no effect on its operational, financial, or other activities due to this assessment.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).