News Stocks Bansal Wire Industries Wins GST Appeal, Tax Liability Reduced from Rs. 69.39 Lakh to NilBansal Wire Industries Wins GST Appeal, Tax Liability Reduced from Rs. 69.39 Lakh to Nil
Bansal Wire Industries Limited received a favorable GST appeal order on February 18, 2026, reducing its tax liability from Rs. 69,38,980 to nil for FY 2019-20. The Additional Commissioner Grade-II Appeal ruled in favor of the company on alleged violations including E-way bill issues, blocked ITC availment, and RODTEP license tax matters. The order eliminates all tax demand, penalty, and interest with no financial or operational impact on the company.
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Bansal wire industries Limited has secured a significant regulatory victory with the receipt of a favorable appeal order that completely eliminates its GST tax liability of Rs. 69,38,980 for the financial year 2019-20. The steel wire manufacturer disclosed this development to the stock exchanges on February 19, 2026, under Regulation 30 of SEBI listing requirements.
Appeal Order Details
The Additional Commissioner Grade-II Appeal (Appellate Authority) delivered the favorable ruling on February 18, 2026, addressing the company's appeal against a GST assessment order. The original assessment was issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I under Section 74 of the CGST/SGST Act, 2017.
| Parameter: | Details |
|---|---|
| Original Tax Liability: | Rs. 69,38,980 |
| Revised Tax Liability: | Nil |
| Appeal Authority: | Additional Commissioner Grade-II Appeal |
| Order Date: | February 18, 2026 |
| Financial Year: | 2019-20 |
Alleged Violations Addressed
The GST assessment order had raised concerns regarding several compliance issues that the appellate authority has now resolved in favor of the company. The alleged violations included:
- E-way bill related issues
- Availment of blocked and excess Input Tax Credit (ITC)
- Non-payment of tax on sale of RODTEP license
Financial and Operational Impact
The favorable appeal order carries significant positive implications for Bansal Wire Industries. With the tax liability reduced to nil, the company faces no tax demand, penalty, or interest obligations related to this matter. The company has confirmed that this development has no financial, operational, or other business impact on its activities.
| Impact Category: | Status |
|---|---|
| Tax Demand: | Nil |
| Penalty: | Nil |
| Interest: | Nil |
| Financial Impact: | None |
| Operational Impact: | None |
Compliance Framework Validation
The company emphasized that the favorable order reaffirms its strong compliance framework. This outcome validates the company's tax practices and regulatory adherence for the financial year 2019-20. Bansal Wire Industries had previously informed the exchanges on November 17, 2025, about the reduction in tax liability and its intention to file an appeal against the original assessment order.
The company has made the disclosure available on its website at www.bansalwire.com and provided comprehensive details as required under Regulation 30 of the SEBI Listing Regulations. This regulatory victory eliminates a potential financial burden and demonstrates the effectiveness of the company's legal and compliance strategies.
Historical Stock Returns for Bansal Wire Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.18% | -2.12% | -10.71% | -26.06% | -19.18% | -22.41% |
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