Tax & Penalty7 Sept 2026, 12:11 pm
JSW Dulux Ltd Receives ₹10.8 Lakh Refund Order from GST Dept
AI Summary
JSW Dulux Ltd has received a Refund Order from the Karnataka GST Department for ₹10,81,413. This follows a Demand Order issued on December 30, 2024, which imposed a penalty of ₹9,89,064 for a discrepancy involving an E-Way Bill and Invoice. The company appealed the Demand Order, leading to the review and issuance of the Refund Order on September 7, 2026. The refund comprises ₹9,89,064 in tax and ₹92,349 in interest, effectively annulling the original penalty demand.
Key Highlights
- Company received a refund order of ₹10,81,413 from Karnataka GST.
- Original penalty of ₹9,89,064 has been waived.
- The refund includes tax amount and interest.
- Original demand order has been annulled.
- This resolves a tax litigation matter.
Price Impact
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