We wish to inform you that the Company has received a Show Cause Notice under section 74(1 ) for discrepancies in the GST Returns filed in Financial year 2019-20 from the office of the ....
TIMEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Timex Group India has received a show cause notice (Form GST DRC-01) under Section 74(1) of the GST Act from the Office of the Assistant Commissioner (ST), Vadapalani Assessment Circle, Chennai, dated September 23, 2025 and received on September 27, 2025. The notice flags discrepancies in GST returns for Financial Year 2019-20, mainly that the company availed Input Tax Credit (ITC) in excess of what was distributed by its Input Service Distributor (ISD). The company is evaluating the matter with legal counsel and plans to file a response shortly. The total potential financial impact is only ₹6,249, including interest and penalty, which is negligible.
This is a routine, low-value GST compliance matter with a negligible monetary impact of just ₹6,249. It is highly unlikely to affect the company's operations, financials, or stock price in any meaningful way.