Bajaj Electricals Wins ₹29.63 Lakh GST Appeal

Date: October 1, 2026

The Company received a favorable appellate order from the Office of the Commissioner (Appeals), Central Goods and Service Tax & Central Excise, Ranchi, Jharkhand on October 1, 2026, at 12:04 p.m.
The appellate order pertains to FY 2017-18 and sets aside the original assessment order dated December 30, 2023, issued by the Deputy Commissioner, Ranchi, Jharkhand.
The original assessment order had imposed a gross demand of ₹29.63 lakh, which included a general penalty of ₹2.69 lakh, on account of disallowance of Input Tax Credit (ITC) under Section 73 of the Goods and Services Tax Act, 2017.
The Appellate Authority completely dropped the entire gross demand of ₹29.63 lakh, including the ₹2.69 lakh penalty component.
The financial impact is limited solely to the relief granted under this appeal order, with no other impact on the operational, financial, or other activities of the Company.