Jay Ushin Receives GST Show Cause Notice for ₹1.21 Cr Dues

Jay Ushin Limited has received a Show Cause Notice dated July 24, 2026, from the Assistant Commissioner, Goods and Services Tax, Sriperumbudur, Tamil Nadu. The notice alleges GST dues of ₹1,21,68,632, along with applicable interest and penalty, for the financial year 2023-24. The discrepancy cited is related to alleged unreconciled Input Tax Credit (ITC). The company believes its GST returns were correctly filed and audited previously without issue. Jay Ushin expects no material financial impact, stating any liability will be determined post-adjudication. The company plans to file an appropriate reply within the prescribed timeline, asserting the demand is not justified.