CROMPTON GREAVES CONSUMER ELECTRICALS : INTENDS TO RESPOND TO ASSESSMENT ORDER

• Intimation regarding order passed by Additional Commissioner (Appeals), Chandigarh. • The Additional Commissioner Appeal has confirmed the order passed by the Deputy Commissioner for the financial year 2019-20. • Details of violation: Demand raised on alleged excess Input Tax Credit claimed in 3B as compared to GSTR 2A and ITC reversal on exempted supply considering expenses as common in nature. • Potential impact: ₹1.59 Cr (Tax ₹0.83 Cr, interest ₹0.68 Cr, penalty ₹0.08 Cr). Impact: Neutral (Procedural update with no material financial impact)

Crompton Greaves Consumer Electricals Ltd

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