JK Tyre faces ₹95 cr GST notice over multiple discrepancies

JK Tyre received a ₹94.86 crore show-cause notice from GST department in Chennai. The notice cited discrepancies in tax classification, excess availment of input tax credit (ITC) and transactions treated as deemed supplies, including employee recoveries and reimbursements. The company is examining the notice and will respond to the GST authority within the stipulated time.