Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Bajaj Electricals Limited ( (IN:BAJAJELEC) ) just unveiled an announcement.
Bajaj Electricals Limited has disclosed that it received an assessment order from the Commercial Tax Officer in Chennai under the Tamil Nadu Goods and Services Tax Act, 2017, raising an alleged demand of Rs. 936.38 lakh for FY 2018–19. The demand comprises tax, interest, and penalty, largely arising from alleged short payment of tax and disallowance of input tax credit, and the company is evaluating legal options, including an appeal, while stating that any financial impact would be limited to the demanded amount and that there is no effect on its ongoing operations or activities.
More about Bajaj Electricals Limited
Bajaj Electricals Limited is an Indian consumer electricals company engaged in the manufacture and sale of appliances, lighting, and related electrical products, serving both retail and institutional markets across the country.
Average Trading Volume: 33,728
Technical Sentiment Signal: Sell
Current Market Cap: 55.82B INR
Learn more about BAJAJELEC stock on TipRanks’ Stock Analysis page.