Kirloskar Oil Engines has received a Show Cause Notice regarding an ITC mismatch for FY 2021-22. The notice, dated September 24, 2025, was issued by the Deputy Commissioner of State Tax, Pune. The notice pertains to potential penalties and tax demand, but the company does not anticipate any material impact on its financial operations.
GST Notice Received
Kirloskar Oil Engines has been issued a Show Cause Notice concerning an Input Tax Credit (ITC) mismatch. The notice was received on September 24, 2025, from the Deputy Commissioner of State Tax, Pune.
Details of the Notice
The Show Cause Notice relates to a discrepancy in ITC for the financial year 2021-22. The notice includes a potential penalty of Rs. 1,34,41,427, interest amounting to Rs. 7,62,33,455, and a tax demand of Rs. 9,74,06,747.
Impact Assessment
The company is currently assessing the implications of the notice and is preparing a response. However, Kirloskar Oil Engines does not foresee any significant adverse effect on its financial condition, operations, or other business activities as a result of this matter.
Source: BSE
