JK Paper faces ₹2.54 Cr GST demand; company contests order
JK Paper Limited has disclosed that the Assistant Commissioner of State Tax, Delhi, passed an order dated 29th December 2025 under the Goods and Service Tax Act, 2017, for the financial year 2021-22. ...
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Why is JK Paper Limited in the news today?
JK Paper Limited (JKPAPER) is in the news due to the company is contesting a gst demand order. while a demand has been raised, the company believes it is unjustified and does not expect a material financial impact, leading to a neutral sentiment.
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JK Paper faces ₹2.54 Cr GST demand; company contests order
December 30, 2025, 07:17 AM
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More Details on This News
JK Paper Limited has disclosed that the Assistant Commissioner of State Tax, Delhi, passed an order dated 29th December 2025 under the Goods and Service Tax Act, 2017, for the financial year 2021-22.
The order raises a demand of ₹2,53,95,889, which includes interest of ₹96,36,794 and a penalty of ₹14,32,645, towards a claim of excess Input Tax Credit (ITC).
The company stated that the demand is untenable and unjustified, as the officer passed the order without considering the submissions and documents provided by JK Paper. The company intends to take necessary action within the prescribed time under the Goods and Services Tax Act. JK Paper does not anticipate any material impact on its financial, operational, or other activities due to this order. The order was received by the company on 29th December 2025 via email at 1:40 pm.
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