Bajaj Auto Limited has received a favorable order from the Additional Commissioner (Appeals-I), Central Tax, Pune, setting aside a demand related to alleged non-reversal of input tax credit on MEIS scrip sales. The order, passed under Section 107(11) of the CGST Act, 2017, was received on 30 June 2026 at 10:00 a.m.
This order sets aside a demand of Rs 74,818 along with applicable interest and penalty of Rs 74,818. The demand pertained to alleged non-reversal of input tax credit on the sale of MEIS scrips for the period from July 2017 to March 2020.
The original order was issued under Section 74 of the CGST Act by the Superintendent, Range-I, Central Tax, Division I (Talegaon), Pune I Commissionerate, on 30 January 2025. Bajaj Auto had intimated the stock exchanges about this original order on 31 January 2025.
The Commissioner (Appeals) dropped the allegation of wilful suppression and set aside the original order. This decision was passed in favour of Bajaj Auto.
Bajaj Auto disclosed the appellate order to the stock exchanges on 30 June 2026 under Regulation 30 of the SEBI Listing Regulations, 2015. The company states that there is no quantifiable impact on its financial, operational, or other activities.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.