JSW Dulux GST Order: Demand Reduced to ₹42.04 Cr

JSW Dulux Ltd has received an Appeal Order from the Karnataka GST Department, reducing the initial demand from ₹118.33 Cr to ₹42.04 Cr. The original show cause notice for the period April 2020 – March 2021 cited disallowance of input tax credit under Section 74 of the CGST/SGST Act, 2017. The reduced demand comprises Tax of ₹14.07 Cr, Interest of ₹13.90 Cr, and Penalty of ₹14.07 Cr. The company has submitted its response and is currently in the process of responding to the order within the indicated timeframe, with the order being open for further submissions to relevant authorities.