5300072026-10-135300072026-10-13in-capmkt:AtTheTimeOfBecomingPartyToLitigationOrAssessmentOrAdjudicationOrArbitrationOrDisputeMember5300072026-10-13OppositePartyAsPerSubPara8OfParaBDomain1JKTYREJK TYRE & INDUSTRIES LIMITED530007NOTLISTEDINE573A01042Pendency of any litigation(s) or dispute(s) (Sub-para 8-Para B)At the time of becoming the party to any litigation, assessment, adjudication, arbitration or disputeNewfalse2026-09-2915:00:002026-10-13Deputy Commissioner (ST) III, GST, Large Taxpayers Unit, Chennai-352026-09-29AgencyDeputy Commissioner (ST) III, GST, Large Taxpayers Unit, Chennai-35CompanyJK Tyre & Industries Ltd.The Show Cause Notice was uploaded on the GST portal on 29th September 2026 - Various discrepancies were identified during the GST assessment proceedings, including incorrect classification of supplies under HSN/SAC codes, excess availment of Input Tax Credit (ITC), mismatch between GSTR 2A vs 3B, ineligible ITC, additionally, certain transactions treated as deemed supplies, such as recoveries from employees and reimbursements etc. A demand of ₹ 94.86 crs has been raised under Section 73 of the GST Act, 2017, comprising Tax of ₹ 55.12 crs, Interest of ₹ 34.23 crs and Penalty of ₹ 5.51 crs (FY 2022-23).The Company is of the view that we have a strong case as there are no actual discrepancies, as alleged in the notice. Since these allegations are yet to be adjudicated, the actual outcome/impact will be known only thereafter.As mentioned in 'brief details of dispute/litigation'The Company believes it has strong and defensible positions against the observations raised in the Show Cause Notice (SCN). The Company is examining the Notice and adequate response will be submitted to the GST Authority within due time. <br /> <br /> The delay in disclosure is owing to the fact that the Company was reviewing the details of SCN and its implications, if any.