Bansal Wire Wins GST Appeal; ₹39.43 Lakh Reduced to Nil
Bansal Wire Industries Limited won a GST appeal for FY 2023-24. The company's liability of ₹39.43 lakh was reduced to nil, with only ₹44,491 paid. The order has no financial impact.
The company explicitly stated that the order has no financial, operational, or other business impact.
The company received a favorable order in its GST appeal, significantly reducing its tax liability.
Bansal Wire Industries Limited has received a favorable appeal order dated May 18, 2026, concerning a GST assessment order for the financial year 2023-24. The company had previously filed an appeal against an order issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I.
As per the appeal order, the company has paid ₹44,491 out of the initially assessed ₹39,87,711. The remaining balance of ₹39,43,220 has been reduced to nil. The company stated that this order reaffirms its strong compliance framework and has no financial impact on its operations.
The alleged issues related to the assessment included E-way bill discrepancies, availing blocked input tax credit, and non-payment of tax on the sale of RODTEP license. The company has confirmed that there is no financial, operational, or other business impact, quantifiable in monetary terms, resulting from this matter.
What to do with a filing like this
Bansal Wire Industries Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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.