Bajaj Electricals Faces ₹14.08 Crore GST Demand in Punjab

Bajaj Electricals Ltd has received a demand notice of ₹14.08 crore from the GST authority in Punjab for an alleged mismatch in input tax credit (ITC). The company disclosed this development on Friday, February 21, 2025, stating that the demand pertains to discrepancies in ITC claims. Bajaj Electricals is currently exploring legal options to address this issue. This unexpected tax liability comes as a challenge for the company, which has been focusing on strengthening its market position in the electrical equipment and consumer products sector. The outcome of this tax dispute could have implications for Bajaj Electricals' financial performance in the coming quarters.

Source: Business Standard