Jamna Auto Industries Limited has informed the Exchange about General Updates
JAMNAAUTO · price
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Jamna Auto Industries informed the exchanges that its subsidiary, Jai Suspension Systems Private Limited, has received a Show Cause Notice (SCN) dated April 10, 2026 from the Office of the Joint Commissioner of Central GST, Audit Commissionerate, Dehradun. The notice covers the audit period from FY 2021-22 to FY 2023-24 and relates to a mismatch in Input Tax Credit (ITC) reported in the annual return (GSTR-9) versus the ITC claimed in monthly returns (GSTR-3B). The GST Authority has proposed a tax demand of Rs. 10.47 crore (Rs. 10,46,80,941) along with applicable interest and penalty. The subsidiary, on the advice of its tax consultants, plans to file an appropriate response contesting the demand. The company has stated there is no material impact on its financials, operations, or other activities.
The Rs. 10.47 crore tax demand is on a subsidiary, not the listed parent entity directly, and the company has clarified there is no material financial impact. However, the dispute outcome could affect the subsidiary's future tax liabilities if the demand is upheld, warranting investor attention.