Bajaj Consumer Care Limited: Tax Demand Order from Rajasthan State Tax Department

Date: February 22, 2025
Bajaj Consumer Care Limited (NSE: BAJAJCON, BSE: 533229) has disclosed an order from the Rajasthan State Tax Department regarding a demand for tax, interest, and penalty under the Goods and Services Tax (GST) framework.

Key Highlights of the Order:​

• Issuing Authority: State Tax Department, Office of the Joint Commissioner, Circle-C, Udaipur.
• Order Date: February 21, 2025.
• Nature of Demand:
  • Tax demand: ₹1,34,646/-
  • Interest: ₹99,003/-
  • Penalty: ₹32,588/-
• Reason for Order: Excess Input Tax Credit (ITC) claim under the Reverse Charge Mechanism (RCM) as per Section 73 of the Central Goods and Services Act, 2017.
• Company’s Response: Bajaj Consumer Care Limited has stated that this order does not impact its financial, operational, or other activities. The company is preparing to appeal the order at a higher appellate level.

Impact and Next Steps​

While the financial impact of the demand is minor, Bajaj Consumer Care Limited is taking the necessary legal steps to contest the order. Investors and stakeholders are advised that this tax demand does not affect the company’s operations or financial health.