Jtekt India Limited has informed the Exchange about General Updates
JTEKTINDIA · price
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Jtekt India has received a Show Cause Notice (in form GST DRC-01) from the Office of the Commissioner of CGST Audit-Gurugram demanding interest of Rs. 2,00,33,663 (about Rs. 2 crore) on GST. The demand relates to interest on debit notes issued during FY 2020-21 to FY 2023-24 and is raised under Section 74(1) of the CGST Act, 2017. The company received the notice on 18th March 2026. The company has stated that there is no material impact on its financials, operations, or other activities as it intends to file a reply to contest the demand.
The Rs. 2 crore demand is small relative to the company's size, and management has confirmed no material financial or operational impact. Investors should monitor the outcome of the company's reply, but the notice is unlikely to meaningfully affect the stock price.