Crompton appeal order confirms SGST demand of INR 1.59 crore
As filed · Crompton Greaves Consumer Electricals Limited has informed the Exchange about Action(s) taken or orders passed
What happened
FactThe Additional Commissioner (Appeals), Chandigarh confirmed the earlier SGST order concerning alleged excess input tax credit and ITC reversal on exempt supplies. Crompton plans to appeal under Section 112 of the SGST Act and says it reasonably expects a favourable appellate order.
Why it matters
CapitSignal interpretationA tax demand is a contingent claim on cash: it either becomes a payment, or an appeal that ties up management attention and often a deposit.
Scale
- 0.0% of FY26 revenue
₹1.59 Cr stated in the filing against ₹7,193.23 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedECD business delivered 10.6% YoY revenue growth.
Our BLDC portfolio grew ~45% this quarter, resulting from the focused portfolio interventions that we have made in the last four quarters.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Whether the company is appealing
- Amount deposited pending appeal
- Whether it is provided for in the accounts
- the expectation, is that this order book will be executed over approximately the next 9 to 12 months. (management committed by H1 FY27)
Evidence
- Crompton Greaves Consumer Electricals Limited has informed the Exchange about Action(s) taken or orders passed(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- The appeal confirmation keeps the tax exposure in place pending a further appeal, although the company states there is no material impact on its financials, operations or other activities.
- Matched on:
- body text (weaker evidence than a subject match)
- Confidence in the event type:
- 50%