Bajaj Electricals reduces tax demand from ₹1.48 cr to ₹6.09 lakh below GST, ETCFO
Highlights
- Bajaj Electricals acquired an Attraction Order on December 6, 2024, lowering the unique tax demand from ₹ 1.48 crore to ₹ 6.09 lakh below the Odisha Items and Companies Tax Act and Central Items and Companies Tax Act for the monetary yr 2017–18.
- The corporate is contemplating availing of the Authorities of India’s Amnesty Scheme, which might permit them to pay the tax element in full whereas waiving the curiosity and penalty parts.
Bajaj Electricals has acquired an Attraction Order on December 6, 2024, in ‘Kind APL-04’, lowering of the unique demand from ₹ 1.48 crore to ₹ 6.09 lakh.
The order was acquired below Part 107(11) of the Odisha Items and Companies Tax Act, 2017/Central Items and Companies Tax Act, 2017, for the monetary yr 2017–18.
The decreased demand order includes of an alleged tax demand of ₹ 3.07 lakh, alleged curiosity of ₹ 2.67 lakh, and an alleged penalty of ₹ 0.35 lakh.
The corporate is prone to think about availing of the Authorities of India’s Amnesty Scheme, below which the tax element shall be paid in full, and the curiosity and penalty parts shall be waived. “We additionally want to inform you that the administration of the Firm is contemplating availing of the Authorities of India’s Amnesty Scheme,” Bajaj Electricals mentioned in an trade submitting.
The disclosure was made below Regulation 30 of the Securities and Trade Board of India (Itemizing Obligations and Disclosure Necessities) Laws, 2015
