Bajaj Electricals Limited informed that the company has received an order dated April 25, 2024, from the Deputy Commissioner of State Tax, Division-02, Raipur (Chhattisgarh) (GST Authority), issued under Section 73 of the Chhattisgarh State Goods and Services Tax Act, 2017, read in conjunction with the relevant sections of the CGST Act, 2017 and the IGST Act, 2017, involving an alleged tax demand (of INR 13.4 million) for fiscal year 2018-19, based on the following grounds against the company: (i) alleged difference in the tax payable; (ii) alleged difference in input tax credit (ITC); (iii) alleged difference in B2B tax declared; (iv) alleged difference in credit notes, which includes a general penalty of INR 0.640 million.
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