JSW Dulux Gets Karnataka GST Order Cutting Demand to ₹42.04 Crore From ₹118.33 Crore
- Legal
- Paints
JSW Dulux Limited, formerly Akzo Nobel India, has told the exchanges that it received on 19 Oct 2026 at 3:30 p.m. an order dated 15 Oct 2026 from the Assistant Commissioner of Commercial Taxes, LGSTO LTU, Bengaluru, on a show cause notice it received from the Karnataka GST Department on 5 Aug 2026.
The notice, for April 2020 to March 2021, disallowed input tax credit under Section 74 of the CGST/SGST Act and demanded ₹118,33,32,869 in total, made up of tax of ₹40,08,66,201, interest of ₹38,17,70,313 and penalty of ₹40,06,96,355. After the company replied with supporting documents, the order reduced the demand to ₹42,04,21,825, made up of tax of ₹14,06,89,554, interest of ₹13,90,42,717 and penalty of ₹14,06,89,554.
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