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Bajaj Electricals to Settle Tax Demand Without Operational Impact

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Bajaj Electricals Limited ( (IN:BAJAJELEC) ) has issued an announcement.

Bajaj Electricals Limited has announced its decision to pay a total demand of Rs.23,494, which includes a penalty of Rs.20,000, following an Assessment Order from the Commercial Tax Office in Chennai regarding a shortfall in discharged liability. This payment, which represents the minimum penalty under the Goods and Services Tax Act, 2017, will not impact the company’s financial operations or other activities, ensuring continued stability and compliance with regulatory requirements.

More about Bajaj Electricals Limited

Bajaj Electricals Limited operates in the electrical equipment industry, focusing on manufacturing and selling a wide range of products including lighting, consumer durables, and engineering projects. The company is a prominent player in the Indian market, known for its innovative solutions and commitment to quality.

YTD Price Performance: -26.01%

Average Trading Volume: 8,886

Current Market Cap: 65.34B INR

For detailed information about BAJAJELEC stock, go to TipRanks’ Stock Analysis page.

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