Bajaj Electricals Faces Rs148 Mn GST Demand in Punjab

22 Feb 2025 CW Team

Bajaj Electricals Ltd has received a Rs 148 million GST demand from Punjab’s tax authorities over an alleged input tax credit (ITC) mismatch for FY 2020-21. The demand stems from an assessment order issued by the Assistant Commissioner, Mohali, Punjab, citing liabilities under the reverse charge mechanism.

Breakdown of Tax Demand The total demand of Rs 148 million comprises:

Rs74 million in tax liability Rs 58 million as interest Rs 75 lakh as a general penalty Company’s Response & Legal Stand Bajaj Electricals has stated that it is evaluating legal options, including filing an appeal before the relevant appellate authority. The company has also reassured stakeholders that this development will not impact its financial operations or other business activities.

GST Compliance Challenges for Corporates This case highlights the ongoing complexities businesses face in GST compliance, particularly in managing input tax credits and reverse charge liabilities. Many companies continue to navigate regulatory challenges as tax authorities tighten scrutiny on tax claims and mismatches.

Bajaj Electricals remains committed to addressing the issue through legal channels, ensuring minimal disruption to its business operations.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..