Bansal Wire Industries Wins GST Appeal, Tax Liability Reduced to Nil
Bansal Wire Industries Limited won its GST appeal, reducing its tax liability from ₹92,90,112.00 to Nil. The appellate order, received on March 09, 2026, confirmed no tax demand, penalty, or interest. This outcome has no financial impact on the company.
The announcement states that there is no financial impact on the company as the tax liability has been reduced to Nil.
The company won its GST appeal, resulting in a complete reduction of its tax liability, which is a positive development.
Bansal Wire Industries Limited has announced a favorable outcome in its Goods and Services Tax (GST) appeal. The company had previously informed about its intention to appeal the GST assessment order issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I for the financial year 2021-22.
Following the appeal, the company has received an order that significantly reduces its tax liability from ₹92,90,112.00 to Nil. Consequently, there is no tax demand, penalty, or interest payable by the company, resulting in no financial impact. The order is seen as a reaffirmation of the company's strong compliance framework.
The appeal addressed alleged issues related to E-way bills, availment of blocked and excess Input Tax Credit (ITC), and non-payment of tax on the sale of RODTEP license. The company received this appellate order on March 09, 2026, at 05:39 P.M. (IST).
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Bansal Wire Industries Limited filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bansal Wire Industries Limited. Read the original for the full detail.