Jamna Auto Subsidiary Faces GST Show Cause Notice for ITC Discrepancy
Jamna Auto Industries Limited reported that its subsidiary, Jai Suspension Systems Private Limited, received a Show Cause Notice (SCN) concerning Goods and Services Tax (GST) matters. The notice was issued by the Office of the Joint Commissioner of Central GST, Audit Commissionerate, Dehradun, for the audit period spanning FY 2021-22 to FY 2023-24.The SCN, dated April 10, 2026, was received by the subsidiary on April 16, 2026. The central issue relates to a demand of tax resulting from a reported difference in Input Tax Credit (ITC) between the annual return (GSTR-9) and the ITC availed in GSTR-3B.
Regarding the financial implications, the GST Authority has proposed to impose Goods & Services Tax amounting to Rs. 10,46,80,941, along with applicable interest and penalty.
The details of the financial demand are as follows:
| Financial Component | Quantum of Demand | Details |
|---|---|---|
| Proposed GST Tax | Rs. 10,46,80,941 | Goods & Services Tax demand |
| Additional Charges | Applicable | Interest and penalty thereon |
The subsidiary confirmed that it would be filing an appropriate response to the notice, based on the advice received from its tax consultants.
Jamna Auto Industries Limited stated that despite the notice, the company expects no material impact on the financial, operational, or other activities of the subsidiary or the parent company.
JAMNAAUTO Stock Price Movement
Today, Jamna Auto Industries Limited shares edged higher to close at ₹128.56, securing a 0.72% gain for the day. The stock traded on 2.43 million shares, settling within its intraday range, which stretched between ₹126.73 and ₹130.7.Source:
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