Crompton Greaves Consumer Electricals: Appeal Order Confirms ₹1.59 Crore Tax Demand
Crompton Greaves Consumer Electricals received an order from Additional Commissioner (Appeals) confirming a ₹1.59 Crore tax demand for FY21. The demand includes ₹83.35 Lakhs tax, ₹67.58 Lakhs interest, and ₹8.33 Lakhs penalty. The company plans to appeal further, expecting a favorable outcome, and states no material impact on financials.
While the company claims no material impact, the confirmed demand of ₹1.59 Crore is a significant amount and represents a legal/regulatory issue that could have implications.
The company has received an order confirming a tax demand, which is generally a negative development, even though the company believes there will be no material impact and plans to appeal.
Crompton Greaves Consumer Electricals Limited has received an order from the Additional Commissioner (Appeals), Chandigarh, which confirms a previous order passed by the Assistant Commissioner for the financial year 2020-21. This order pertains to a demand raised under the SGST Act, 2017.
The initial demand was based on alleged excess Input Tax Credit (ITC) claimed in 3B compared to GSTR 2A, and ITC reversal on exempted supply, considering common expenses. The company had previously intimated about this matter on December 17, 2025, and had planned to file an appeal.
The order was received on September 30, 2026, at 10:58 AM. The total potential impact amounts to ₹1,59,27,495/-, comprising ₹83,35,460/- in tax, ₹67,58,490/- in interest, and ₹8,33,545/- in penalty. Despite this confirmed demand, the company states that there is no material impact on its financials, operations, or other activities. Crompton Greaves Consumer Electricals Limited plans to appeal this order further, citing the merits of the case and legal advice, expecting a favorable outcome from the appellate authorities.
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