Bajaj Electricals Loses GST Appeal for ₹2.69 Crore

Bajaj Electricals discloses an appellate order upholding a GST demand of ₹2.69 crore including penalty.
The order relates to alleged liability under Reverse Charge Mechanism and input tax credit mismatch for FY 2020-21.
Management is evaluating legal remedies including appeal to appellate tribunal or writ before High Court.
Financial impact is limited to the demand amount with no operational or other activity impact.