Crompton Greaves Consumer Electricals faces ₹62.8 Lakh GST demand; plans appeal
Crompton Greaves Consumer Electricals received an order upholding a GST demand of ₹52.36 Lakh for July 2017-March 2018. The company plans to appeal the order, which includes ₹23.36 Lakh tax, ₹26.66 Lakh interest, and ₹2.33 Lakh penalty. The potential impact is ₹62.83 Lakh, though no material impact on operations is expected.
The total potential financial impact of ₹62.83 Lakh is a small fraction of the company's overall revenue and operations. The company explicitly states there is no material impact on its financials, operations, or other activities.
The company received an unfavorable order regarding a GST demand, which is negative. However, the company plans to appeal the order and expects a favorable outcome, and also states no material impact on financials, operations or other activities. This balances the sentiment to neutral.
Crompton Greaves Consumer Electricals Limited has received an order dated June 23, 2026, from the Office of the Additional Commissioner of Appeals, State Tax, Chhattisgarh.
The order pertains to the period of July 2017 to March 2018 and upholds a tax demand of ₹23,36,265, along with interest of ₹26,66,030 and a penalty of ₹2,33,627, totaling ₹52,35,922.
The company plans to appeal this order under Section 112 of the SGST Act, 2017, citing prevailing law and expert advice, and anticipates a favorable outcome from the appellate authorities. The potential impact, quantified in monetary terms, is INR 62,83,208 (Tax ₹23,36,265, interest ₹37,13,317, and penalty ₹2,33,627) under the Goods and Service Tax Act, 2017. However, the company states there is no material impact on its financials, operations, or other activities.
The demand was raised due to the disallowance of transitional credit claimed by the company. The order was received on June 24, 2026, at 12:23 PM.
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Crompton Greaves Consumer Electricals 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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