Crompton Greaves Consumer Electricals Limited has received an order from the Commissioner (Appeals) confirming a Goods and Services Tax demand of Rs 3.33 crore for the financial year 2019-20. The order was received on June 15, 2026.
The Commissioner (Appeals) upheld the earlier assessment order passed by the Office of the Additional Commissioner, which was originally communicated to the company on August 14, 2024. The demand includes tax of Rs 1.50 crore, interest of Rs 1.68 crore, and a penalty of Rs 0.15 crore under the SGST Act, 2017.
The dispute involves alleged excess Input Tax Credit claimed in GSTR 3B compared to GSTR 2A, short payment of tax against E-waybill records, and ineligible ITC appearing in Table 8A of GSTR 9.
Crompton Greaves Consumer Electricals plans to appeal against this order under Section 112 of the SGST Act, 2017. The company reasonably expects a favourable order from appellate authorities based on the merits of the matter, prevailing law, and the advice of its consultant.
Crompton Greaves Consumer Electricals had previously intimated the exchanges on August 29, 2024, regarding the initial assessment order from the Principal Commissioner of Central Tax, Hyderabad. The company clarified that the order does not have a material impact on its financials, operations, or other activities.
The filing was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided the details in compliance with SEBI Master Circular dated January 30, 2026.
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.