Tax Authority Drops GST Case Against Timex Group India
Tax authority dropped GST proceedings against Timex Group India Ltd. Show Cause Notice issued in May 2026 over FY 22-23 tax discrepancies. Source: ScoutQuest
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23 Aug 2026 – 21 Sep 2026 · Times in IST
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Tax authority dropped GST proceedings against Timex Group India Ltd. Show Cause Notice issued in May 2026 over FY 22-23 tax discrepancies. Source: ScoutQuest
Timex Group India Ltd received GST-ASMT12 order dropping all proceedings. Discrepancies in GST return for FY 2022-23 resolved; no further action required. Source: BSE
Timex Group India shares surged 14% on strong Q1 FY26 results. Net profit up 70.6% YoY; FY26 profit rose 140.1%, revenue up 48.4%. Source: Equitymaster
Timex Group India Ltd received Form GST-ASMT12, dropping all proceedings post their satisfactory reply. The GST case involved discrepancies in ITC, tax payments, and reconciling GST returns for FY 2022-23. Source: BSE
Systematix initiates 'Buy' on Timex Group India with a target of Rs 820, citing 45x FY28 EPS valuation. Timex's CAGR projections: 29.1% revenue, 37.3% Ebitda, 40.5% PAT (FY26–FY29E), supported by asset-light growth. Source: NDTV Profit