Bajaj Electricals has received a favorable appellate order dated May 11, 2026, from the Office of the Appellate Joint Commissioner of State Tax, Secunderabad, Hyderabad, Telangana, resulting in the complete dropping of an aggregate GST demand of Rs. 22.89 lakh. The order was received by the company on May 11, 2026, at 12:57 p.m., and was disclosed under Regulation 30 of the SEBI Listing Regulations.
Background of the GST Dispute
The matter traces back to an assessment order dated August 31, 2024, issued by the Office of the Deputy Commissioner, Secunderabad STU-1, Telangana, under Section 73 of the CGST/TGST Act, 2017. The original order had raised an aggregate demand against Bajaj Electricals on account of alleged excess Input Tax Credit (ITC) claimed during FY 2019-20. The company had disclosed the receipt of this assessment order to the exchanges on August 31, 2024.
Key Details of the Appellate Order
The following table summarizes the key parameters of the original demand and the appellate outcome:
| Parameter: | Details |
| Original Assessment Order Date: | August 31, 2024 |
| Issuing Authority (Original): | Office of the Deputy Commissioner, Secunderabad STU-1, Telangana |
| Aggregate Demand Raised: | Rs. 22.89 lakh |
| General Penalty Included: | Rs. 2.08 lakh |
| Reason for Demand: | Alleged excess ITC claimed during FY 2019-20 |
| Appellate Order Date: | May 11, 2026 |
| Appellate Authority: | Office of the Appellate Joint Commissioner of State Tax, Secunderabad, Hyderabad, Telangana |
| Outcome: | Demand dropped in favor of the company |
Company’s Submissions Accepted
The Appellate Authority accepted the submissions made by Bajaj Electricals and passed the order in favor of the company, thereby dropping the aggregate demand of Rs. 22.89 lakh, inclusive of the general penalty of Rs. 2.08 lakh. The company has stated that there is no impact on its operational, financial, or other activities on account of this appellate order.
The disclosure was made by Prashant Dalvi, Chief Compliance Officer & Company Secretary (ICSI Membership No.: A51129), in accordance with Regulation 30 read with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
