Jamna Auto Subsidiary Receives GST Show Cause Notice for ₹10.47 Crore Demand
Jamna Auto's subsidiary, Jai Suspension Systems, received a GST Show Cause Notice for ₹10.47 crore plus interest and penalty for FY21-24. The notice concerns discrepancies in Input Tax Credit. The subsidiary will respond, and no material impact is expected.
The notice involves a substantial tax demand of over ₹10 crore, which could potentially impact the subsidiary's finances if not resolved favorably. However, the company's statement about no material impact mitigates the immediate high impact.
The announcement reports a Show Cause Notice regarding a GST demand. While it involves a significant amount, the company has stated that it will respond appropriately and anticipates no material impact, thus maintaining a neutral sentiment.
Jamna Auto Industries Limited has disclosed that its subsidiary, Jai Suspension Systems Private Limited, received a Show Cause Notice (SCN) dated April 10, 2026, from the Office of the Joint Commissioner of Central GST, Audit Commissionerate, Dehradun. The notice pertains to the audit period from FY 2021-22 to FY 2023-24.
The SCN primarily relates to a demand for Goods & Services Tax (GST) amounting to ₹10,46,80,941 (Rupees Ten crore forty-six lakh eighty thousand nine hundred forty-one only), along with applicable interest and penalty. This demand arises from differences in Input Tax Credit (ITC) as reported in the annual return GSTR-9 and the ITC availed in GSTR-3B.
The subsidiary, acting on the advice of its tax consultants, will be filing an appropriate response to the GST Authority. Despite the notice, the company states that there is no material impact expected on the financial, operations, or other activities of the subsidiary or the parent company due to this notice.
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Jamna Auto Industries 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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