JTL Industries gets GST demand of Rs 31.50 lac from tax authority
JTLIND · price
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JTL Industries received a GST adjudication order on Dec 23, 2025 from the Assistant Commissioner, Central GST Division-I, Derabassi. A demand of Rs 31.50 lac has been raised with interest and a penalty of Rs 31.50 lac under Section 74(1) of CGST Act. It relates to audit findings from Jul 2017 to Mar 2019 on corporate guarantees between related parties. The company denies any violation, will contest the order, and says the demand has no merit per a government circular. No impact on profitability or operations.
Minor GST demand; company contests it and says no impact on operations or financials.