Bansal Wire Industries Limited has received a revised GST order from the SGST authority, significantly reducing its tax liability for FY 2023–24. While the payable amount has dropped substantially, the company plans to appeal certain aspects, with no material impact on operations or financials.
Bansal Wire Industries Limited has informed stock exchanges about a revised Goods and Services Tax assessment order issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I. The order follows a detailed review of the company’s submissions against an earlier show cause notice issued under Section 74 of the CGST/SGST Act, 2017.
Key Highlights
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Revised tax liability reduced from Rs. 669.72 lakh to Rs. 39.88 lakh for the financial year 2023–24
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Equivalent penalty and applicable interest now aligned with the reduced tax amount
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Order received on January 08, 2026 at 04:44 PM IST
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Allegations relate to e-way bill issues, blocked and excess input tax credit, and non-payment of tax on sale of RoDTEP license
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No material impact on financial position, business operations, or ongoing activities
Next Steps
Although the revised order substantially lowers the demand, the company believes certain assessment elements require further clarification. Accordingly, it intends to file an appeal before the appropriate appellate authority within the prescribed timelines under the GST law.
Regulatory Disclosure
The intimation has been filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Sources: Bansal Wire Industries Limited regulatory filing