<h1>JSW Dulux Faces GST Scrutiny Over Input Tax Credit for Period April 2020 to March 2021</h1>
JSW Dulux Limited, formerly Akzo Nobel India Limited, is currently engaged in a dispute with the Karnataka GST Department regarding the disallowance of Input Tax Credit (ITC). The company received a Show Cause Notice under Section 74 of the CGST ACT/Rules, 2017 from the Assistant Commissioner, Bengaluru, Karnataka GST Department.
The scrutiny pertains to the ITC for the period spanning April 2020 to March 2021.
According to the details provided in the notice, the total financial implication related to this disallowance of Input Tax Credit amounts to Rs. 118,33,32,869/-. This amount is broken down into three components: Tax amounting to Rs. 40,08,66,201/-, Interest amounting to Rs. 38,17,70,313/-, and Penalty amounting to Rs. 40,06,96,355/-.
The entire liability stands at Rs. 118,33,32,869/-, as per the notice received by JSW Dulux Limited on August 5, 2026, at 3:30 pm.
A summary of the dispute and financial quantum is detailed below:
| Aspect | Detail |
|---|---|
| Opposing Party | Karnataka GST Department (Asst. Commissioner, Bengaluru) |
| Dispute Nature | Disallowance of Input Tax Credit (ITC) under GST Scrutiny |
| Period Covered | April 2020 to March 2021 |
| Total Liability | Rs. 118,33,32,869/- |
| Breakdown | Tax: Rs. 40,08,66,201/-; Interest: Rs. 38,17,70,313/-; Penalty: Rs. 40,06,96,355/- |
Regarding the management view on the outcome of the litigation, JSW Dulux Limited stated that the notice is open for further submissions before the relevant authorities and the company is in the process of responding within the stipulated time mentioned by the department.
JSWDULUX Stock Price Movement
On Wednesday, shares of JSW Dulux Limited edged higher to close at ₹3022.1, advancing by 1.19% in the market. The stock traded a total of 16,282 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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