Tax & Penalty21 Sept 2026, 05:00 pm
JSW Dulux GST Demand of ₹14.75 Cr Nullified by Appeal Order
AI Summary
JSW Dulux Ltd announced that it received an appeal order on September 21, 2026, from the Karnataka GST Department. This order nullifies a previous demand order issued on April 21, 2026, for the period 2019-20. The original demand amounted to ₹14,75,83,468/-, which included tax, interest, and penalty. The company had filed an appeal, and the Joint Commissioner of the LGSTO 38 reviewed the submissions, resulting in the annulment of the entire demand. Consequently, the original Demand Notice/order stands annulled, resolving the litigation and removing the financial liability.
Key Highlights
- Karnataka GST Department issued an appeal order to JSW Dulux.
- Original demand order of ₹14.75 Cr was entirely nullified.
- The demand comprised tax, interest, and penalty for 2019-20.
- Company's appeal was successful, resolving the tax litigation.
- No financial impact from the previously disclosed demand.
Price Impact
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