Bhageria Industries Receives Tax Demand Order Of ₹10.52 Million

The demand order was issued following a review of Bhageria’s ITC availment between FY 2018–19 and FY 2024–25. Authorities cited excess claims and compensation cess violations. Bhageria Industries, a leading player in dyes, chemicals, and solar power, clarified that the order will not materially affect its operations.

Details Of The Tax Demand
The order comprises penalties and tax liabilities, with the majority attributed to compensation cess ITC violations. Bhageria Industries has emphasized compliance with SEBI disclosure norms by informing exchanges promptly. The company intends to file an appeal, highlighting its confidence in resolving the matter.

Impact On Business
Despite the demand order, Bhageria Industries expects no disruption to its manufacturing or solar operations. Analysts note that while such tax disputes can affect investor sentiment in the short term, the company’s strong revenue growth and diversified portfolio provide resilience.

Key Highlights

• Tax demand order of ₹10.52 million issued by CGST authorities
• Linked to ITC claims and compensation cess violations
• Covers FY 2018–19 to FY 2024–25
• Company to appeal against the order
• No expected operational impact on business continuity

Sources: ScanX News, Business Standard, CARE Ratings