Crompton Greaves Consumer Electricals Faces GST Demand Order of ₹5.83 Lakh, Plans Appeal

Mumbai, January 31, 2025 – Crompton Greaves Consumer Electricals Limited (BSE: 539876, NSE: CROMPTON) has disclosed that it received an order from the Superintendent (Range – 1), Delhi, for the period April 2017 to March 2021, imposing a demand of ₹5,83,640 under the Goods and Services Tax (GST) Act, 2017.

Regulatory Action Details​

• Authority: Superintendent (Range – 1), Delhi
• Nature of Order: Demand raised under Section 74 of the GST Act, 2017
• Reason for Demand: Disallowance of Input Tax Credit (ITC) due to mismatch with GSTR-2A and utilization of inadmissible ITC.
• Date of Order Receipt: January 31, 2025, at 11:08 AM.

Company's Response and Appeal​

Crompton Greaves has reviewed the order based on the merits of the matter, prevailing tax laws, and legal advice. The company has decided to appeal the demand before the Commissioner (Appeals) and expects a favorable outcome.

Financial Impact​

The financial exposure from the order is limited to ₹5.83 lakh, which the company does not anticipate to have a material impact on its operations.