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Auto Components & Equipments
Tax & Penalty17 Apr 2026, 06:31 pm

Jamna Auto subsidiary gets GST SCN for ₹10.47 Cr demand

AI Summary

Jamna Auto Industries Ltd's subsidiary, Jai Suspension Systems Private Limited, has received a Show Cause Notice (SCN) dated April 10, 2026, from the Joint Commissioner of Central GST, Dehradun. The SCN pertains to the audit period from FY 2021-22 to FY 2023-24 and primarily concerns a demand for Goods & Services Tax of ₹10,46,80,941, along with applicable interest and penalty. The discrepancy is related to differences in Input Tax Credit (ITC) reported in GSTR-9 versus GSTR-3B. The subsidiary plans to file an appropriate response to the GST Authority based on advice from tax consultants. Jamna Auto Industries stated that the notice is not expected to have a material impact on the financial, operational, or other activities of the subsidiary or the company.

Key Highlights

  • Jamna Auto's subsidiary received a GST Show Cause Notice.
  • Notice demands ₹10.47 Cr GST, interest, and penalty for FY21-24.
  • Dispute relates to ITC differences between GSTR-9 and GSTR-3B.
  • Subsidiary will respond to the GST Authority with tax consultant advice.
  • Company expects no material financial or operational impact from the notice.
JAMNAAUTO
Auto Components & Equipments
JAMNA AUTO INDUSTRIES LTD.

Price Impact