Tax & Penalty1 Oct 2026, 10:10 pm
JSW Dulux Receives GST Show Cause Notice for ₹11.8 Lakhs ITC Disallowance
AI Summary
JSW Dulux Ltd has disclosed receipt of a show cause notice from the Punjab GST Department concerning the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023. The notice, dated September 30, 2026, and received on October 1, 2026, alleges a total potential liability of ₹11,83,596, comprising tax of ₹6,50,327, interest of ₹4,68,236, and penalty of ₹65,033. The company is currently reviewing the notice and preparing its response within the stipulated timeframe. Management's view on the outcome is pending further submissions.
Key Highlights
- JSW Dulux received a GST show cause notice from Punjab GST Department.
- Notice pertains to disallowance of ITC for FY23, totaling ₹11.84 Lakhs.
- Potential liability includes tax, interest, and penalty.
- Company is preparing a response to the notice.
Price Impact
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