GST demand of about Rs 2.54 crore raised on JK Paper for FY20-23
JKPAPER · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.7 pts less than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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JK Paper Limited received GST orders from the Assistant Commissioner of C.G.S.T., Tapi, Gujarat dated September 21, 2026, alleging excess Input Tax Credit claims for FY 2020-21 to FY 2022-23. Total demand of Rs 2.54 crore (Rs 1.27 crore tax plus Rs 1.27 crore penalty) plus applicable interest. The company calls the demand unjustified and legally untenable and plans to appeal before the Commissioner (Appeals).
Tax demand is material but company plans to appeal. Watch for appeal outcome which could affect finances if upheld.