Bhageria Industries Receives GST Demand Order of ₹2.95 Crore
Bhageria Industries received a GST demand order totaling ₹2.95 crore, including penalties and tax demands related to Input Tax Credit. The company plans to appeal the order, stating no impact on its financial operations.
While the company states there is no impact, a demand order of this magnitude, even with an appeal planned, can have implications on cash flow and potentially requires provisions, thus impacting operations moderately.
The company has received a significant GST demand order and penalty, which is a negative development.
Bhageria Industries Limited has announced receipt of a GST demand order from the Additional Commissioner, CGST & Central Excise, Palghar Commissionerate. The order includes a confirmed penalty of ₹1,79,81,586 under Section 74(1) of the CGST Act, 2017, for the period FY 2018-19 to FY 2023-24, related to the availment of Input Tax Credit of Compensation Cess.
Additionally, a penalty of ₹75,17,512 has been confirmed under Section 74(1) of the CGST Act, 2017, for the period FY 2024-25, also concerning the availment of Input Tax Credit of Compensation Cess. The company also faces a demand of Input Tax amounting to ₹37,48,073 in IGST and ₹3,86,540 each in IGST & SGST for various periods, along with applicable interest and penalties for excess ITC in GSTR-3B compared to GSTR-2A.
The order was received on December 30, 2025. Bhageria Industries Limited plans to file an appeal before the Commissioner (Appeals) against this order before the due date. The company stated that there is no impact on its financial operations or other activities due to this order.
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Bhageria 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 medium impact: worth reading, rarely worth acting on by itself.
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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.