Timex Group India Ltd: CGST Baddi Drops All Proceedings

Timex Group India Ltd has received an order from the Office of Superintendent CGST, Baddi, officially dropping all proceedings against the company. This order, received on September 18, 2026, follows a Show Cause Notice dated May 11, 2026, concerning discrepancies in GST returns for FY 2022-23, specifically related to outward tax liability and input tax credit. The company provided a satisfactory reply, leading to the closure of the matter without further action. The impact on the company's financial or operational activities is deemed not applicable.