JK Tyre receives GST show-cause notice seeking ₹94.86 crore
As filed · JK Tyre & Industries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company- Show Cause Notice
RegulatoryDeterioratingMinormateriality 55 out of 100
What happened
FactJK Tyre & Industries said a GST show-cause notice for FY 2022-23 was uploaded on 29 September 2026, raising a ₹94.86 crore demand. The notice cites alleged classification issues, excess or ineligible input tax credit, GSTR-2A versus GSTR-3B mismatches, and certain transactions treated as deemed supplies; the company said the allegations are yet to be adjudicated and that it sees no actual discrepancies.
Why it matters
CapitSignal interpretationRegulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
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Fact- Quantum of penalty and whether it is appealed
- Any restriction placed on operations or licences
- Timeline given by the regulator
Evidence
How CapitSignal classified this
- Reasoning:
- The notice creates a potential tax, interest and penalty exposure of ₹94.86 crore, although the ultimate impact remains uncertain pending adjudication. JK Tyre plans to submit its response to the GST authority.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%