Bajaj Electricals has decided not to contest the tax demand and penalty issued by the Commissioner of Taxes, Government of Gujarat, dated August 2, 2024, in ‘Form DRC-01A’ on the ground of the demand and penalty to be nominal, according to Bajaj Electricals’ exchange filing.
The notice was issued under Section 74 of the Goods and Services Tax Act, 2017, and the rules framed under the GST Act.
The matter was related to pay tax demand of ₹ 218/-, including a penalty of ₹ 66/-, as certain suppliers of the Company had filed form GSTR-3B with nil turnover and consequently failed to pay the taxes corresponding to the invoices declared in GSTR-1.
Source #ET
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