Tax & Penalty15 Sept 2026, 01:53 pm
JSW Dulux Receives ₹10.6 Cr GST Show Cause Notice
AI Summary
JSW Dulux Ltd has disclosed receiving a show cause notice from the Karnataka GST Department regarding the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023. The notice alleges a total liability of ₹10,60,96,432, comprising tax, interest, and penalty. The company is currently preparing its response to the authorities within the stipulated timeframe. This notice is being disclosed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, due to its potential impact on the listed entity.
Key Highlights
- Karnataka GST Department issued a show cause notice.
- Notice concerns disallowance of Input Tax Credit.
- Total potential liability is ₹10,60,96,432.
- Company is preparing a response to the notice.
- Disclosure made as per SEBI listing regulations.
Price Impact
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