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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
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Timex Group India Ltd-$

Timex Group India: GST notice received for FY2022-23 discrepancies

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 11 May 2026, 07:27 PM IST  ·  BSE ID: 11e84a2c-79d4-45c3-adea-432cddd1f2a9
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a tax notice alleging discrepancies in its GST returns for FY 2022-23, involving INR 66,30,557 in potential dues.
🤖 AI Summary
  • Timex Group India received a GST notice (Form GST ASMT-10) for FY 2022-23.
  • Notice from CGST Range - Baddi II, Baddi, intimating discrepancies in GST returns.
  • Discrepancies: outward tax liability mismatch of INR 22,98,108 and excess ITC availed of INR 43,32,449.
  • The company is assessing the notice with legal counsel to file a response.
  • Notice specifically relates to GST returns for the company's Baddi operations.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Mismatch in outward tax liability reported in GSTR-3B vis-a-vis E-way bills
INR 22,98,108
Excess ITC availed in GSTR-3B vis-a-vis GSTR-2A/2B in respect of imports of goods
INR 43,32,449
🏢 How This Affects the Company
💰
Financial Impact
The company faces potential additional interest and penalty payments on INR 22,98,108 related to outward tax liability and on INR 43,32,449 for excess Input Tax Credit (ITC) availed.
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Risk Impact
The notice introduces a regulatory compliance risk and a financial risk related to potential tax demands, interest, and penalties.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders. Shareholders should monitor company filings for updates on the GST notice and its resolution.
👤
Who Is Affected
Shareholders are indirectly affected as the potential liabilities, including interest and penalties, could impact the company's financial position if the outcome is unfavorable.
🔍
Management Signal
The management is engaging legal counsel to assess the notice and file an appropriate response, indicating a proactive approach to address the regulatory communication.

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

👁 Watch List — track these upcoming events
Company filing its official response to the GST authority.
Further intimations from CGST Range - Baddi II regarding the notice.
Disclosure of any financial provisions related to this matter in future results.
MEDIUM RISK The company faces potential financial liability from tax demands, interest, and penalties related to the GST notice.
💡 Investor Takeaway
Timex Group India received a GST notice for FY 2022-23 alleging discrepancies totaling INR 66,30,557, comprising INR 22,98,108 for outward tax liability and INR 43,32,449 for excess Input Tax Credit. The company is preparing a response with legal counsel.
⚖️ Strengths & Concerns

⚠️ Concerns

  • A potential liability of INR 22,98,108 plus interest and penalties arises from outward tax liability discrepancies.
  • Another potential liability of INR 43,32,449 plus interest and penalties relates to excess Input Tax Credit availed.
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⚠️ 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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