Bajaj Electricals Receives Rs 3.45 Crore GST Demand

Bajaj Electricals received an adverse GST appeal order dated March 27, 2026, upholding a gross demand of Rs 3.45 crore including penalty.
The demand relates to alleged short payment of tax for FY 2018-19 based on GSTR 1 vs GSTR 3B comparison.
Management is evaluating legal options including appeal to appellate tribunal or High Court writ petition.
Company states no operational or financial impact beyond the potential demand payment if materialized.