JTEKT India Limited faces tax demand from Gurugram authorities covering years 2015-18
JTEKT India Limited has been directed by the Excise and Taxation officer-cum Assessing Authority in Gurugram (Haryana) regarding a tax assessment related to the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The company received three notices of assessment and demand pertaining to this act.The department mandated JTEKT India Limited to pay the specific tax amount for the financial years spanning 2015-16 through 2017-18. The total aggregated tax amount demanded is Rs. 26,91,900/-.
These notices were received by the company on June 15, 2026, via email communication. The alleged contravention relates to the non-payment of Haryana Tax on Entry of Goods into Local Areas.
The specifics of the tax assessment and the related actions are detailed below:
| Detail | Information |
|---|---|
| Authority | Excise and Taxation officer-cum Assessing Authority Gurugram (Haryana) |
| Action Taken | Three Notices of assessment and demand under Section 9 of the Haryana Tax on Entry of Goods into Local Areas Act 2008. |
| Period Covered | Financial years 2015-16 to 2017-18 |
| Amount Demanded | Rs. 26,91,900/- |
| Date of Receipt | June 15, 2026 (via E-mail) |
In relation to this matter, the company stated that there is no material impact on its financial, operational activities or any other business area. This assessment process is ongoing, and JTEKT India Limited is currently in the process of filing a reply against the notice received from the authority.
JTEKTINDIA Stock Price Movement
As of 9:59 AM, shares of Jtekt India Limited edge higher to ₹135.52 in live trading, registering a healthy gain of 2.80%. The stock has traded within a range of ₹133.49 and ₹138.65 today, with 188,635 shares accounted for so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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