Bombay Dyeing Receives ₹43.62 Crore GST Demand Order from Maharashtra Authorities
Bombay Dyeing has received a GST demand order of ₹43.62 crores from Maharashtra State GST authorities for FY 2021-22, comprising ₹22.44 crores in tax, ₹18.93 crores in interest, and ₹2.25 crores in penalty. The order relates to discrepancies in high value credit notes versus inward E-way bills and turnover reconciliation issues. The company plans to pursue legal remedies while stating operations remain unaffected.
*this image is generated using AI for illustrative purposes only.
Bombay Dyeing and Manufacturing Company Limited has received a significant GST demand order from Maharashtra State authorities, totaling ₹43.61 crores for financial year 2021-22. The company disclosed this development through a regulatory filing under SEBI's listing regulations on December 31, 2025.
GST Order Details
The order was issued by The Deputy Commissioner of Maharashtra State Goods and Services Tax (MUMBAI-NOD-E-1105), Ghatkopar West, Mumbai. The company received this order via system-generated email on December 30, 2025.
| Component | Amount (₹) |
|---|---|
| Tax Demand | 22,44,05,197 |
| Interest | 18,92,85,782 |
| Penalty | 2,24,59,599 |
| Total Demand | 43,61,50,578 |
Nature of Alleged Violations
The GST order under Section 73 of the CGST/MGST Act 2017 pertains to specific compliance issues identified by the tax authorities:
- High value credit notes shown in GSTR 1 returns
- Negligible inward E-way bills corresponding to these credit notes
- Turnover reconciliation discrepancies in GSTR 9C-7G
The order follows Rule 142 of the Maharashtra Goods & Services Tax Rules, 2017, and addresses alleged contraventions for the financial year 2021-22.
Company's Response and Impact
Bombay Dyeing has indicated that beyond the financial impact mentioned in the order, the GST demand has not affected the company's operations or other business activities. The textile manufacturer plans to take necessary actions to address the matter.
| Aspect | Status |
|---|---|
| Operational Impact | No impact reported |
| Financial Impact | ₹43.62 crores demand |
| Legal Action | Company to exercise available remedies |
| Business Activities | Unaffected |
Legal Recourse
The company has stated it will exercise legal remedies available under the GST Act to contest the demand. This typically includes options such as filing appeals before appropriate appellate authorities or seeking stay on the demand during the appeal process.
The disclosure was made in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations 2015, ensuring transparency with stakeholders regarding material developments affecting the company.
Historical Stock Returns for Bombay Dyeing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.29% | -10.96% | -17.66% | -41.66% | -32.68% | +46.88% |
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