Bajaj Electricals Limited Receives an Order from the Office of the Deputy Commissioner of State Tax, Central Goods and Services Tax, Indore Division 2 (Indore-10), Indore Zone-I, Madhya Pradesh
July 05, 2024 at 08:53 am EDT
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Bajaj Electricals Limited has received an order dated July 4, 2024 from the Office of the Deputy Commissioner of State Tax, Central Goods and Services Tax, Indore Division 2 (Indore-10), Indore Zone-I, Madhya Pradesh, issued under Section 73 of the Goods and Service Tax Act, 2017, involving an alleged penalty aggregating to INR 0.191 million, for alleged excess ITC claimed in Fiscal Year 2019-20 in the state of Madhya Pradesh. The Company is currently exploring various legal options and necessary steps, including challenging the said Order issued by the GST Authority before the relevant appellate authority.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.
Bajaj Electricals Limited Receives an Order from the Office of the Deputy Commissioner of State Tax, Central Goods and Services Tax, Indore Division 2 (Indore-10), Indore Zone-I, Madhya Pradesh
BAJAJ ELECTRICALS LIMITED 
