JK Tyre & Industries Limited — Others, 16-07-2025: Action(s) taken or orders passed

JK Tyre & Industries has received an adverse order from the Commissioner (Appeals) regarding a GST matter. Previously, the company was ordered to reverse an input tax credit of Rs. 2.03 Cr and pay a penalty of Rs. 0.20 Cr related to machinery lease rent. While the company appealed this initial order, the Commissioner (Appeals) has ruled against their appeal. JK Tyre maintains a strong case and plans to appeal to higher authorities. The company states this order has no material impact on its financial or operational activities.