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JTEKT India Limited ( (IN:JTEKTINDIA) ) has shared an update.
JTEKT India Limited has received a GST DRC-07 order from the Excise and Taxation Department of Rewari, Haryana, under Section 73 of the CGST Act, 2017. The order demands a tax payment of Rs. 1,51,54,345, along with interest and penalties, due to mismatches in Input Tax Credit and E-way bill declarations. However, the company states that this order will not impact its financial or operational activities as it plans to appeal the decision within the stipulated time.
More about JTEKT India Limited
JTEKT India Limited operates in the automotive industry, focusing on the production of steering systems and other automotive components. The company is known for its commitment to innovation and quality, serving a broad market that includes major automobile manufacturers.
YTD Price Performance: -23.27%
Average Trading Volume: 8,630
Current Market Cap: 31.93B INR
See more insights into JTEKTINDIA stock on TipRanks’ Stock Analysis page.