Jk Paper has informed that the office of state Tax officer, Ghatak 69 (Vyara): Range - 17, Division - 8, Gujarat, vide its order dated 13.03.2024 under Goods and Service Tax Act (GST Act), has imposed penalty of Rs. 0.20 lac and interest of Rs. 0.19 lac due to disallowance of Input Tax Credit claimed by the Company during the financial year 2018-19 in respect of supplies made by supplier whose registration was cancelled under GST Act. The aforesaid Order has been received by the Company on 13th March 2024. The above mentioned penalty and interest would be paid by the Company within the prescribed time. There is no material impact on financial, operation or other activities of the Company due to aforesaid Order.
The above information is a part of company’s filings submitted to BSE.