News Stocks Bansal Wire Industries Wins GST Appeal, Tax Liability Reduced from Rs. 82,75,848 to NilBansal Wire Industries Wins GST Appeal, Tax Liability Reduced from Rs. 82,75,848 to Nil
Bansal Wire Industries Limited has received a favorable GST appeal order that reduces its tax liability from Rs. 82,75,848 to nil. The Additional Commissioner Grade-II Appeal issued the order on March 05, 2026, addressing alleged violations related to E-way bills, ITC availment, and RODTEP license tax payments for FY 2022-23. The company faces no financial impact from this development, with no tax demand, penalty or interest arising from the original assessment.
*this image is generated using AI for illustrative purposes only.
Bansal Wire Industries Limited has achieved a significant regulatory victory with the receipt of a favorable appeal order that completely eliminates its GST tax liability. The steel wire manufacturer announced that its tax obligation has been reduced from Rs. 82,75,848 to nil, with no financial impact on the company's operations.
Appeal Order Details
The Additional Commissioner Grade-II Appeal issued the favorable order on March 05, 2026 at 05:54 P.M. (IST). This decision follows the company's earlier intimation dated December 16, 2025, where it had informed about the reduction in tax liability and its intention to file an appeal against the original GST assessment order.
| Parameter: | Details |
|---|---|
| Appellate Authority: | Additional Commissioner Grade-II Appeal |
| Order Receipt Date: | March 05, 2026 at 05:54 P.M. (IST) |
| Original Tax Liability: | Rs. 82,75,848 |
| Revised Tax Liability: | Nil |
| Financial Impact: | None |
Background of GST Assessment
The original GST assessment order was issued by the Joint Commissioner, SGST, Corporate Circle-I, Ghaziabad Zone-I for tax, interest and penalty under Section 74 of the CGST/SGST Act, 2017 for the financial year 2022-23. The assessment covered several alleged violations:
- 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 ensures that no tax demand, penalty or interest arises from the original assessment. The company has confirmed that the matter has no financial, operational or other business impact on its activities. This outcome reaffirms the company's strong compliance framework and validates its decision to challenge the original assessment.
Regulatory Compliance
Bansal Wire Industries has disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has made the intimation available on its website www.bansalwire.com , ensuring transparency with stakeholders and maintaining its commitment to regulatory compliance.
The successful appeal demonstrates the effectiveness of the company's legal and compliance strategies in addressing regulatory challenges while maintaining operational continuity.
Historical Stock Returns for Bansal Wire Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.26% | -6.05% | -8.67% | -31.17% | -25.80% | -28.89% |
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