Key Event

The Assistant Commissioner of C.G.S.T., Tapi, Gujarat, passed orders on September 21, 2026, under the Goods and Service Tax Act, 2017.

Quantitative Figures

The order raises an aggregate demand of ₹2,53,91,496 (Rupees Two Crore Fifty Three Lakh Ninety One Thousand Four Hundred Ninety Six Only). This amount is broken down as:

  • Tax Demand: ₹1,26,95,748/-
  • Penalty: ₹1,26,95,748/-
  • The demand also includes applicable interest (amount not quantified in the disclosure).

Period of Contention

The demand pertains to the financial years 2020-21, 2021-22, and 2022-23.

Alleged Violation

The authority has alleged that the company claimed excess Input Tax Credit (ITC) during this period.

Company's Stance

The company has stated that the demand is "unjustified, legally untenable and is against the provisions of the GST Acts."

Intended Action

JK Paper Limited intends to file an appeal before the Commissioner (Appeals) against the aforesaid orders.

Date and Time of Event

The date and time of the occurrence of the event is stated as September 21, 2026, at 06:43 P.M.

Annexure Summary

The enclosed annexure provides the following details:

  • Name of Authority: Assistant Commissioner of C.G.S.T., Tapi, Gujarat
  • Nature of Order: Raising a demand of ₹1,26,95,748 and a penalty of ₹1,26,95,748 for alleged claim of excess Input Tax Credit.
  • Date of Receipt of Order: September 21, 2026
  • Details of Alleged Violation: Alleged claim of excess Input Tax Credit for the period from FY 2020-21 to FY 2022-23.
  • Financial Impact: Quantified as the demand amount mentioned in point no. 2 (₹2,53,91,496).

#Tags: #JKPaper #GST #TaxDemand #SEBIDisclosure #RegulatoryCompliance #Negative