Bombay Dyeing Receives GST Demand Notice of ₹4.84 Crore, Including Interest and Penalty
Bombay Dyeing received a GST Demand-cum-Show Cause Notice for FY 2020-21. The notice raises a demand of ₹4.84 crore, including ₹1.79 crore interest and ₹1.52 crore penalty, related to infrastructure charges on flat sales. The company will file a reply.
The notice involves a substantial amount of ₹4.84 crore, which could impact the company's financials, although operations are not expected to be affected. The resolution of this matter is pending.
The company has received a significant tax demand notice which includes interest and penalty, indicating a negative financial event.
Bombay Dyeing & Mfg Company Limited has received a Demand-cum-Show Cause Notice (SCN) from the Office of the Assistant Commissioner of State Tax, Investigation-C, Mazgaon, Mumbai.
The SCN, received on August 21, 2026, pertains to the financial year 2020-21 and is issued under Section 74 of the CGST Act & MGST 2017. It alleges GST demand on infrastructure charges related to flat sales and interest on late reversal of input tax credit post-occupation certificate.
The total demand raised in the SCN amounts to ₹4,84,19,772, comprising ₹1,52,25,088 for GST, ₹1,79,69,596 for interest, and ₹1,52,25,088 for penalty. The company had previously paid ₹1,52,25,088 of the tax liability under protest, leaving a balance demand of ₹3,31,94,684 for interest and penalty.
Except for the quantifiable financial impact, the company stated that this notice has not affected its operations or other activities. Bombay Dyeing plans to file a reply with the adjudicating authority within the stipulated timeline.
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