Bansal Wire Industries Wins GST Appeal, Tax Liability Reduced from ₹92.90 Lakh to Nil

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. 92,90,112.00 to nil, with no financial impact on the company's operations.

Appeal Order Details

The Additional Commissioner Grade-II Appeal, Ghaziabad I-Uttar Pradesh issued the favorable order, which was received on March 09, 2026 at 05:39 P.M. (IST). This decision follows the company's earlier intimation dated December 06, 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, Ghaziabad I-Uttar Pradesh
Order Receipt Date:	March 09, 2026 at 05:39 P.M. (IST)
Original Tax Liability:	Rs. 92,90,112.00
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 2021-22. 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. The order 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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.60%	-3.18%	-9.01%	-30.63%	-34.64%	-30.14%

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. 1,01,31,788 for the financial year 2020-21. 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. 1,01,31,788
Revised Tax Liability:	Nil
Appeal Authority:	Additional Commissioner Grade-II Appeal
Order Date:	February 18, 2026
Financial Year:	2020-21

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 2020-21. Bansal Wire Industries had previously informed the exchanges on December 09, 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.