GST Notice: Bombay Dyeing Slapped with Tax, Interest and Penalty for FY2019-20:

GST Notice: Bombay Dyeing Slapped with Tax, Interest and Penalty for FY2019-20 Bombay Dyeing and Manufacturing Co. Ltd., one of India's oldest and most iconic textile companies, recently issued a disclosure to the stock exchange regarding receipt of an order. Background of the case The company stated that it has received an order from the GST Authority under Section 74 for the financial year 2019-20. The issue is related to how the company treated the infrastructure charges collected from customers while selling flats.

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As per the order, the company has been asked to pay Rs 80,24,960 as GST. In addition to this, interest of Rs 93,23,302 has been charged for the delay in payment, and a penalty of Rs 80,24,960 has also been imposed. Altogether, the total demand raised by the GST Authority amounts to Rs 2,5,373,222. Key details of the case

Particulars	Details
Issuing Authority	The Assistant Commissioner of State Tax, (CST-INV-D-0303), Mumbai
Financial Year	2019-20
Date of receipt	March 27, 2026
Received Through	Email
Demand	Rs 2,53,73,222 (Including penalty and interest)

Financial Impact The company said, apart from the financial impact noted above, there has been no effect on its operations or other activities. Company's Further Step The company said it will file an appeal with the appellate authority within the prescribed time.

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Company's Disclosure Compliance The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("LODR Regulations").