Kirloskar Oil Engines Faces Rs 9.06 Cr GST Demand Over ITC Mismatch:
Kirloskar Oil Engines faces a Rs 9.06 crore GST demand over alleged ITC mismatch and HSN classification issues for FY23.
Kirloskar Oil Engines Faces Rs 9.06 Cr GST Demand
Vanshika verma
Sep 29, 2026
Kirloskar Oil Engines Ltd has received a GST demand notice of around Rs 9.06 crore from the Deputy Commissioner of Commercial Taxes, Bengaluru, for the financial year 2022-23.
The notice, dated September 28, 2026, relates to alleged input tax credit (ITC) mismatch and HSN classification issues. The demand includes Rs. 4,91,06,051 in tax, Rs. 3,66,36,682 in interest and Rs. 49,10,606 as penalty.
The company said it does not expect any material impact on its financial or operational activities. Kirloskar Oil Engines added that it is in the process of filing a reply with the appropriate authority within the prescribed timeline.
The company made the above disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
About Author
Vanshika verma
Content Writer
Studycafe
Delhi, Delhi, India
2186My Recent Articles
- What Can You Trade During Muhurat Trading 2026? Stocks, ETFs, F&O and MTF Explained
- Bharti Airtel Receives Rs 1.07 Lakh Penalty Notice From DoT Maharashtra Over Alleged Subscriber Verification Violations
- Rashi Peripherals Faces Rs 2.15 Crore Customs Duty and Penalty Demand Over Alleged Misclassification of Imported Goods, Considers CESTAT Appeal
- High-Profile Birthday Party at Rajkot's Saraza Hotel Raided by LCB; Prominent Industrialists and Business Leaders Under Scanner
- CBI Academy Hosts One-Week International ITEC Training Programme to Enhance Skills in Anti-Corruption Investigation and Recovery of Illicit Assets
Loading suggestions…
Recent Posts
All Posts
Tags
Recent Posts
All Posts