Timex Group India Receives Reduced GST Demand Order

Timex Group India received a GST appellate order reducing its tax demand to ₹10.04 lakh from an original ₹56.71 lakh.
The order was issued by the CBIC Appellate Authority in Chandigarh and received by the company on May 12, 2026.
Total financial impact includes ₹10.04 lakh tax, ₹1.00 lakh penalty, and potential interest, which the company is assessing.