JK Tyre & Industries Limited has informed the Exchange about Action(s) taken or orders passed
JKTYRE · price
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Awaiting price reaction for this filing.
JK Tyre & Industries has received an adverse order from the Commissioner (Appeals), CGST and Central Excise, Bhopal in a GST dispute. The matter relates to reversal of input tax credit of Rs. 8.06 crores claimed on lease rent of machineries, along with interest and a penalty of Rs. 0.81 crores. The company had filed an appeal on April 28, 2025 against the original February 2025 order, but the Commissioner (Appeals) has now ruled against it. The company is evaluating the order and intends to appeal before higher authorities, stating it has a strong case. Total potential outflow stands at roughly Rs. 8.87 crores plus interest.
The total exposure of around Rs. 8.87 crores (excluding interest) is relatively small for JK Tyre given its scale, and the company has explicitly stated there is no material impact on its financials or operations. However, losing at the first appellate level is a mild negative, and shareholders should track the outcome of the further appeal, as an eventual adverse ruling could dent earnings.