Key Quantitative Figures
The adjudication order confirms a demand of ₹1.05 Crore. An equivalent penalty amount has also been levied, bringing the total confirmed demand to ₹2.10 Crore (₹1.05 Cr tax + ₹1.05 Cr penalty).
Dates of Action and Receipt
The adjudication order is dated September 21, 2026. The company received the order on the same day, September 21, 2026, at 6:14 PM IST via email.
Parties Involved
The order was issued by the Office of the Assistant Commissioner of CGST, Bhuj Division, Gandhidham, Kutch (Gujarat). The order is against Balkrishna Industries Limited.
Details of the Alleged Violation
The order pertains to the financial years 2021-22 and 2022-23. The confirmed demand is on account of the disallowance of input tax credit (ITC).
Stated Financial and Operational Impact
As per the company's disclosure in the annexure, "There is no impact on the financial, operational or other activities of the Company due to the alleged tax demand."
Company's Course of Action
The company has stated that the "Order is Appealable & the Company is in the process of contesting at the higher Appellate level."
Scrip Codes and Company Details
- Equity Scrip Code: 502355 (BALKRISIND)
- Debt Scrip Codes: 977667 (INE787D08047), 977668 (INE787D08039), 977669 (INE787D08054), 978121 (INE787D08062), 978123 (INE787D08070), 978122 (INE787D08088)
- Company CIN: L99999MH1961PLC012185
- The disclosure was signed by Vipul Shah, Director & Company Secretary and Compliance Officer (DIN: 05199526).