Jamna Auto Industries has disclosed that its subsidiary, Jai Suspension Systems Private Limited, has received a Show Cause Notice from tax authorities regarding a GST audit. The notice, received on April 16, 2026, pertains to the audit period from FY 2021-22 to FY 2023-24. The company has clarified that the situation will not have a material impact on its financial position or business operations.
Details of the Tax Demand
The subsidiary received a formal notice on April 16, 2026, stemming from an audit of the financial years 2021-22 through 2023-24. The discrepancy cited by the authorities primarily relates to differences in Input Tax Credit (ITC) between the values reported in the annual GSTR-9 return and those actually availed in the GSTR-3B filings.
Financial Implications
The tax authority has proposed a total demand of ₹10,46,80,941, plus applicable interest and penalties. The company, in coordination with its tax consultants, is currently preparing an appropriate response to address the notice. Management has emphasized that this development will not result in any material impact on the company’s financial health, ongoing operations, or general business activities.
Source: BSE
