JTEKT India gets GST notice for Rs 2.41 cr penalty appeal in GSTAT
JTEKTINDIA · price
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JTEKT India received a GST notice to appeal in GSTAT against a demand order earlier dropped by Commissioner Appeals on 30 Dec 2025. Issue: interest on supplementary invoices for customer price escalation from Jul 2017 to Mar 2020. Penalties demanded: Rs 2.41 cr under Section 74(1) and Rs 25,000 under Section 125 of CGST. Company had won at Commissioner Appeals; GST department is now appealing in GSTAT. Company says no material financial or operational impact and is preparing its reply.
Minor tax dispute; company expects no material financial impact and will contest in GSTAT where its earlier appeal was allowed.