Mitali
Company Overview
Bajaj Consumer Care Ltd. is an Indian company known for manufacturing and selling personal care products, particularly hair care products.
GST Demand Order Details
The company informed the stock exchanges (NSE and BSE) that they received a Goods and Services Tax demand order on 8th July 2025.
The order was issued by the Office of the Assistant Commissioner of State Tax in Cuttack, Odisha.
The reason for demand relates to discrepancies in the Input Tax Credit claimed by Bajaj Consumer Care.
Financial Implications
The tax demand raised by the income tax department amounts to Rs 27,23,684.
Additionally, a penalty of Rs 2,72,368 has been imposed due to the mismatch in ITC claims.
Company's Response and Impact
Bajaj Consumer Care clarified that this GST demand order does not impact its business operations.
The company intends to challenge the order by filing an appeal to a higher appellate authority.
Regulatory Disclosure
This information was disclosed under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency to stock exchanges (NSE and BSE).
CAclubindia
