Bhageria Industries Receives ₹1.05 Crore GST Demand Order
Bhageria Industries received a GST demand order of ₹1.05 crore for ineligible Input Tax Credit from April 2019 to March 2020. The company plans to appeal the order, stating there is no financial or operational impact.
The company explicitly stated that there is no impact on financial operations or any other activities due to this order, despite the demand amount.
The company has received a GST demand order which is a negative development, although the company plans to appeal and states no financial impact.
Bhageria Industries Limited announced on March 31, 2026, that it has received a GST demand order from the Office of the Asst./ Dy. Commissioner of (CGST & Central Excise), Division -IV Palghar Commissionerate.
The order confirms a demand of Input Tax amounting to ₹1,05,22,565/- in IGST under Section 74(9) of the CGST Act, 2017. This demand is on account of ineligible Input Tax Credit, along with applicable interest under Section 50 of the Act and a penalty equivalent to the tax amount under Section 122(2)(b) of the CGST Act. The period under review for this demand is April 2019 to March 2020.
The company received this order on March 30, 2026. Bhageria Industries Limited stated that it intends to file an appeal before the Commissioner (Appeals) against the said order before the due date. The company also clarified that there is no impact on its financial operations or any other activities due to this order.
What to do with a filing like this
Bhageria Industries Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. 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 Bhageria Industries Limited. Read the original for the full detail.