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BSE Exchange Filings, Explained Simply

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JK Tyre & Industries Ltd
JK Tyre Faces Rs. 94.86 Cr GST Demand for FY23
REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 13 Oct 2026, 06:05 PM IST  ·  BSE ID: 342502ad-4011-44c9-9aa2-bcb1ca07f90e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a notice for a large tax demand, which it believes is incorrect and will challenge.
🤖 AI Summary
  • JK Tyre received GST Show Cause Notice for FY2022-23 demanding Rs. 94.86 crore.
  • Demand includes Rs. 55.12 crore tax, Rs. 34.23 crore interest, and Rs. 5.51 crore penalty.
  • Allegations cover incorrect HSN codes, excess input tax credit, and ineligible credits.
  • Company disputes allegations and will submit a response to GST authorities.
  • Previous filings show other GST demands and penalties JK Tyre plans to appeal.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Demand
94.86 crs
Tax Demand
55.12 crs
Interest Demand
34.23 crs
Penalty Demand
5.51 crs
Period Applicable
FY 2022-23
🏢 How This Affects the Company
💰
Financial Impact
A contingent liability of Rs. 94.86 crore has been raised, which could impact future earnings if not successfully contested.
⚠️
Risk Impact
Increases regulatory and tax risk, requiring resources for dispute resolution and potential financial outflow.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required. Shareholders should monitor the company's response and the final outcome of the dispute.
👤
Who Is Affected
All shareholders are affected due to the potential financial impact and contingent liability of Rs. 94.86 crore.
🔍
Management Signal
Management's intent to challenge the notice signals a commitment to disputing claims deemed unfounded.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Company's response submission to GST Authority
Adjudication order from GST Authority
Any update on appeals for prior GST demands
MEDIUM RISK Significant tax demand raised by GST authorities requires careful monitoring and dispute resolution.
💡 Investor Takeaway
JK Tyre faces a Rs. 94.86 crore GST demand for FY2022-23 covering tax, interest, and penalty, which the company disputes.
⚖️ Strengths & Concerns

⚠️ Concerns

  • A demand of Rs. 94.86 cr has been raised, comprising Rs. 55.12 cr tax, Rs. 34.23 cr interest, and Rs. 5.51 cr penalty.
📅 Company Track Record
JK Tyre previously faced a Rs. 2 crore penalty and interest order, and a Rs. 69,36,972 GST demand for 2019-20 ITC credits, for which it planned appeals.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total GST demand raised against JK Tyre for FY2022-23?
JK Tyre has been issued a demand notice totaling Rs. 94.86 crore for the financial year 2022-23.
What are the components of the Rs. 94.86 crore GST demand?
The demand comprises Rs. 55.12 crore tax, Rs. 34.23 crore interest, and Rs. 5.51 crore penalty.
What period does the GST Show Cause Notice cover?
The Show Cause Notice issued by the Deputy Commissioner (ST) III, GST, Large Taxpayers Unit, Chennai, is applicable for the Financial Year 2022-23.
What are the main allegations in the GST notice?
The allegations include incorrect classification of supplies, excess availment of input tax credit, ineligible ITC, and certain transactions treated as deemed supplies.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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