ZF CV Control Systems gets GST show cause notice worth about Rs 27.99 crore

Regulatory & Legal View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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Nifty Smallcap 250market-0.3%+0.2% vs market

Auto Components & Equipments peers, median of 117sector-0.1%+0.1% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and 0.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 117Pending

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AI summary

ZF Commercial Vehicle Control Systems India received a GST show cause notice dated Aug 11, 2026 from the Additional Commissioner, GST and Central Excise, Audit-I, Chennai. The notice proposes a demand of about Rs 27.99 crore for excess or ineligible Input Tax Credit (ITC) for the period April 2020 to March 2024. Penalty is proposed under Section 74 of the CGST Act. The company says there is no material impact on financials or operations and is filing a detailed response.

Likely market impact

Early stage — just a notice, not a confirmed demand. Company will contest. Watch for outcome of response and any actual order.