Tax & Penalty7 Sept 2026, 05:31 pm
JSW Dulux Ltd Receives ₹48.58 Cr GST Demand Notice
AI Summary
JSW Dulux Ltd has received a show cause notice from the Karnataka GST Department, proposing a demand of ₹48,58,65,992. This includes tax of ₹27,11,47,157, interest of ₹18,76,04,118, and penalty of ₹2,71,14,717. The notice pertains to the disallowance of Input Tax Credit for the period April 2022 to March 2023. The company is currently preparing its response to the authorities within the stipulated timeframe.
Key Highlights
- Received GST show cause notice for ₹48.58 Cr.
- Demand includes tax, interest, and penalty components.
- Notice relates to Input Tax Credit disallowance.
- Company is preparing a response to the authorities.
Price Impact
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