JK Tyre & Industries Limited — Others, 15-07-2025: Action(s) taken or orders passed

JK Tyre & Industries has received an adverse order from the Commissioner (Appeals) concerning a GST demand. The appeal against the reversal of input tax credit amounting to Rs. 8.78 Crores and a penalty of Rs. 8.78 Crores was rejected. The company maintains it has a strong case and plans to appeal this decision to higher authorities. Significantly, the company has stated that this order will have no material impact on its financial, operational, or other business activities.