G-TEC JAINX Subsidiary Receives GST Show Cause Notice for FY 2022-23
G-TEC Jainx Education Limited's wholly owned subsidiary, Keerti Institute India Private Limited, received a GST Show Cause Notice dated September 24, 2026. The notice covers the period April 1, 2022, to March 31, 2023, and relates to discrepancies found during a GST audit concerning supplies, advances, and input tax credit.
A Show Cause Notice, while not a final penalty, indicates potential financial liabilities and regulatory scrutiny for the subsidiary, which could indirectly impact the parent company's financial health and reputation.
The issuance of a Show Cause Notice by tax authorities, especially concerning potential discrepancies in GST compliance, is a negative development that could lead to penalties or additional liabilities.
G-TEC Jainx Education Limited has announced that its wholly owned subsidiary, Keerti Institute India Private Limited (KIIPL), has received a Show Cause Notice (Form GST DRC-01) dated September 24, 2026. The notice was issued by the Office of the Deputy Commissioner of State Tax, MUM -AUD -E-205, Audit Branch, Zone -II, Mumbai.
The notice, issued under Section 73 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017, pertains to the period from April 1, 2022, to March 31, 2023. It arises from a GST audit conducted for KIIPL and relates to discrepancies identified by tax authorities concerning outward supplies, reimbursements, advances, reverse charge liability, input tax credit, and other GST-related matters.
KIIPL is currently reviewing the observations in the Show Cause Notice and is undertaking necessary steps as per the applicable laws. The company will continue to monitor the situation and provide further disclosures as required.
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G-TEC JAINX EDUCATION LIMITED filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by G-TEC JAINX EDUCATION LIMITED. Read the original for the full detail.