JTL Industries Receives GST Show Cause Notice for ₹63 Lakhs Demand and Penalty

JTL Industries Limited has received an adjudication of a Show Cause Notice from the Assistant Commissioner of Central Goods & Services Tax Division-I, Derabassi. The GST demand raised amounts to ₹31....

JTL Industries Limited has received an adjudication of a Show Cause Notice from the Assistant Commissioner of Central Goods & Services Tax Division-I, Derabassi. The GST demand raised amounts to ₹31.50 lacs along with applicable interest. Additionally, a penalty of ₹31.50 lacs has been imposed. The company received this communication on December 23, 2025. The demand order is based on audit findings for the period from July 1, 2017, to March 31, 2019. However, the company states that it does not admit any violation. According to legal opinion obtained by the company, the aforesaid demand has no merits, and it will not have any impact on the company's profitability, financial position, or operations. The company will make its submissions before the Adjudicating Authority within the given timelines.

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Why is JTL INDUSTRIES LIMITED in the news today?

JTL INDUSTRIES LIMITED (JTLIND) is in the news due to the company received a notice regarding gst demand and penalty, which is a negative development. however, the company disputes the demand and believes it will not impact its financials, thus maintaining a neutral sentiment.

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JTL Industries Receives GST Show Cause Notice for ₹63 Lakhs Demand and Penalty

December 24, 2025, 11:50 AM

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JTL Industries Limited has received an adjudication of a Show Cause Notice from the Assistant Commissioner of Central Goods & Services Tax Division-I, Derabassi.

The GST demand raised amounts to ₹31.50 lacs along with applicable interest. Additionally, a penalty of ₹31.50 lacs has been imposed. The company received this communication on December 23, 2025.

The demand order is based on audit findings for the period from July 1, 2017, to March 31, 2019. However, the company states that it does not admit any violation. According to legal opinion obtained by the company, the aforesaid demand has no merits, and it will not have any impact on the company's profitability, financial position, or operations. The company will make its submissions before the Adjudicating Authority within the given timelines.

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