JSW Dulux Faces GST Audit Challenge Over Input Tax Credit Disallowance
JSW Dulux Limited, formerly Akzo Nobel India Limited, is currently managing a GST-related dispute following an audit conducted by the Telangana GST Department. The matter pertains to the disallowance of Input Tax Credit (ITC) for the period spanning April 2022 to March 2023.The dispute centers on an Order, dated August 5, 2026, issued under Section 73 of the CGST Act/Rules, 2017, which was received by the company on August 24, 2026.
As per the GST audit findings, the total liability stemming from the disallowance of Input Tax Credit amounts to Rs. 84,75,163/-. This amount is structured across the assessed components, including tax, interest, and penalty.
Financial details of the GST audit finding are presented below:
| Component | Amount |
|---|---|
| Total Liability | Rs. 84,75,163/- |
| Tax | Rs. 77,04,694/- |
| Penalty | Rs. 7,70,469/- |
| Interest | Nil |
The company has noted the GST Department, led by the Assistant Commissioner, Allwyn, Telangana GST Department, as the opposing party in this litigation.
Regarding the outcome of the dispute, JSW Dulux Limited confirmed that the Order is open for further submissions before the relevant authorities. The company is actively in the process of responding to the GST Department within the stipulated timeline.
JSWDULUX Stock Price Movement
JSW Dulux Limited shares are slipping by 0.85% in live trading, currently standing at ₹3096.5 as of 9:55 AM. The stock is seeing moderate activity with a total traded volume of 838 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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