Tax & Penalty25 Aug 2026, 09:40 am
JSW Dulux Faces ₹84.75 Lakh GST Demand for ITC Disallowance
AI Summary
JSW Dulux Ltd has disclosed an order received from the Telangana GST Department, demanding Rs. 84,75,163. This demand arises from the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023. The total liability includes a tax component of Rs. 77,04,694 and a penalty of Rs. 7,70,469, with no interest charged. The company is currently reviewing the order and plans to respond within the stipulated timeframe, indicating the matter is open for further submissions.
Key Highlights
- Telangana GST Dept issues order for Rs. 84.75 Lakh ITC disallowance.
- Demand includes tax of Rs. 77.05 Lakh and penalty of Rs. 7.70 Lakh.
- ITC disallowance pertains to the period April 2022 to March 2023.
- Company is preparing a response within the stipulated time.
- Management views the order as open for further submissions.
Price Impact
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