Jamna Auto Industries: GST Demand Confirmed at ₹3.53 Cr

Jamna Auto Industries Ltd has received an order from the Principal Commissioner (Appeals-II) confirming a GST demand of ₹3,53,29,906 along with interest and penalty of ₹46,57,573. This order relates to a Show Cause Notice issued in August 2022 concerning alleged excess availment of input tax credit. The company had initially appealed an earlier order that confirmed a total demand of ₹4,06,27,815. Jamna Auto Industries intends to file a further appeal against the latest order and is seeking legal advice. The company states there is no material impact on its financials, operations, or other activities due to this order.