Kirloskar Oil Engines Faces ₹5.9 Cr Tax Demand & Penalty

Kirloskar Oil Engines Ltd. received a Show Cause Notice under Section 73 of the Uttar Pradesh Goods and Services Tax Act, 2017 and Central Goods and Services Tax Act, 2017, dated 19th May 2026, from the Joint Commissioner Corporate Circle, Lucknow, Uttar Pradesh. The notice imposes a tax demand of ₹5,90,02,030 and a penalty of ₹59,00,203 for ITC Mismatch and other points for the FY 2022-23. The company is preparing to file a reply and does not anticipate any material impact on its financials or operations.