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Bajaj Auto Limited has a GST penalty of Rs 10 crore. The penalty was imposed due to the wrong classification of the instrument cluster. The company will challenge this decision in the court.
The company is preparing to challenge this order in court.
Highlights
- Bajaj Auto received a GST penalty of Rs 10 crore.
- The company will challenge this decision in the court.
- The penalty was due to the wrong classification of the instrument cluster.
New Delhi. The country’s veteran two -wheeler manufacturer Bajaj Auto Limited has a big GST penalty. This fine has been imposed on the basis of classification of instrument cluster. After finding disturbances in this case, Tax Authorities has imposed GST penalty of Rs 10 crore on the company. Along with the fine, the company will also have to make up for interest. The company is not happy with this action and will challenge this decision of tax authorities in the court.
What is the matter?
Now let us tell you what is the whole matter. In a regulatory filing, the company said that the Joint Commissioner of Central GST, Pune -II Commissionerates ruled that the instrument cluster for the time period between July 2017 and March 2022 should have been classified under HSN Code 8708/8714 . However, Bajaj Auto HSN was using Code 9029.
Total fine 10,04,16,402 rupees
This is the reason that the Tax Authority has ordered the company to pay a difference of Rs 10,03,91,402. This amount has been adjusted according to the tax already paid by the company. Apart from this, the company has been imposed an interest and penalty of Rs 10,03,91,402. Also, a general fine of Rs 25,000 has also been imposed on the company. In this way, the total fine imposed on Bajaj Auto has been Rs 10,04,16,402.
The company will challenge the decision
The company said, “It believes that the order passed by the Joint Commissioner is not correct and it is also out of his jurisdiction. In addition, there is also a violation of the writ petition filed by the company against the order reasons passed by the Joint Commissioner, which is already pending in the Bombay High Court. ”The company believes that they have a lot of strong case, Bajaj Auto said that Bajaj Auto said That “appropriate legal action will be initiated” against the said order, and this fine will not have any special financial impact on the company’s business.
New Delhi,Delhi
February 04, 2025, 12:09 IST
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(Tagstotranslate) GST Penalty (T) GST Penalty (T) Bajaj Auto Limited (T) Bajaj Auto Limited (T) Instrument Cluster Classification (T) Instrument Cluster Classification (T) Tax Authorities (T) Tax Authorities (T) Tax Authearities
