JTEKT India Limited received a Show Cause Notice from the Office of the Department of Trade and Taxes Government of NCT of Delhi, Sales tax/AVATO Jurisdiction Ward-2, Zone-2 Delhi. The department imposed penalty in accordance under Section 122 (3)(e) of the CGST/DGST Act, 2017 for failing to issue E- invoices. Date of receipt: February 15, 2024 .

Total financial impact on the Company is subject to the penalty only INR 75,000 under Section 122 of CGST Act 2017.