GST Show Cause Notice demands Rs 94.86 cr from JK Tyre
JKTYRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and in line with its Tyres & Rubber 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 Tyre received a GST Show Cause Notice dated 29 Sept 2026 for FY 2022-23. Total demand of Rs 94.86 crores includes tax of Rs 55.12 cr, interest of Rs 34.23 cr, and penalty of Rs 5.51 cr under Section 73 of the GST Act. Issues flagged include wrong HSN/SAC classification, excess ITC, GSTR 2A vs 3B mismatch, and deemed supplies. The company denies any actual discrepancy and plans to file a detailed response.
Tax demand of about Rs 95 cr. Company plans to contest; outcome pending. Short-term stock pressure possible.