Bhageria Industries Ltd

Bhageria Industries Hit with ₹2.96 Cr GST Demand & Penalties ⚖️

- GST demand order issued by Palghar Commissionerate for Input Tax Credit (ITC) discrepancies.

- Penalty of ₹1.79 Cr for Compensation Cess ITC (FY 2018-19 to 2023-24).

- Additional ₹75.17 L penalty for Compensation Cess ITC (FY 2024-25).

- ₹37.48 L IGST demand for excess ITC in GSTR-3B vs GSTR-2A (FY 2018-19 to 2023-24), plus interest/penalty.

- ₹3.86 L each in IGST & SGST for excess CGST/SGST ITC (FY 2024-25), plus interest/penalty.

- Company will appeal the order with Commissioner (Appeals).

- No financial or operational impact expected from this order.