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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..