GST appeal partial relief, demand cut to Rs 3.53 cr from Rs 4.06 cr
JAMNAAUTO · price
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Principal Commissioner Appeals-II partly allowed Jamna Autos appeal against a GST and Central Excise demand. The original demand of about Rs 4.06 crore with Rs 51.87 lakh penalty was reduced to Rs 3.53 crore with Rs 46.57 lakh penalty. The dispute relates to alleged excess input tax credit. The company plans to file a further appeal and says there is no material impact on financials or operations.
Partial relief on tax demand, but about Rs 3.53 cr liability still stands. Company to appeal further. No material impact claimed.