Kirloskar Oil Engines has received a show cause notice dated September 19, 2025, from the Office of Deputy Commissioner of State Tax, Pune, Maharashtra. The notice pertains to a misclassification in outward supply due to HSN under the Central Goods and Services Tax Act, 2017. The company is assessing the matter and its potential impact.
Show Cause Notice Details
Kirloskar Oil Engines received a show cause notice on September 19, 2025, regarding a potential misclassification related to the Harmonized System of Nomenclature (HSN) codes in its outward supply. The notice was issued by the Deputy Commissioner of State Tax, Pune, Maharashtra.
Financial Implications
The notice indicates a potential penalty of ₹76,47,755, interest of ₹3,20,37,279, and a tax demand of ₹4,05,52,111. Kirloskar Oil Engines is currently evaluating the matter. The company believes that the notice will not have any material impact on its financial or operational activities.
Source: BSE
