JSW Dulux Limited faces liability following GST audit concerning excess ITC claim
JSW Dulux Limited is currently dealing with a legal dispute stemming from a Goods and Services Tax (GST) audit conducted by the Tamil Nadu GST Department. The dispute concerns an order received regarding the company's Input Tax Credit (ITC) claims for a specific period, which carries a financial implication of Rs. 1,75,699/-.The litigation involves the Additional Commissioner, Chennai South, Tamil Nadu GST Department. An Order under Section 73 of CGST ACT/Rules, 2017, was issued to JSW Dulux Limited on August 6, 2026. The order relates to an excess ITC claimed in Transit-1/2 for the period spanning April 2017 to March 2018.
The details of the financial claims and implications from the GST audit are summarized below:
| Particulars | Details |
|---|---|
| Opposing Party | Tamil Nadu GST Department (Additional Commissioner, Chennai South) |
| Period under Audit | April 2017 to March 2018 |
| Issue Identified | Excess ITC claimed in Transit-1/2 |
| Total Liability | Rs. 1,75,699/- |
| Penalty Amount | Rs. 1,75,699/- |
According to the details provided, the total liability amounts to Rs. 1,75,699/- and this amount comprises the full penalty imposed under the said Order.
Regarding the ongoing dispute, JSW Dulux Limited stated that the received order is open for further submissions before the relevant authorities. The company confirmed it is in the process of responding to the GST Department within the stipulated timeframe.
JSWDULUX Stock Price Movement
Shares of JSW Dulux Limited are shedding value as of 2:31 PM, dipping by 1.19% in live trading and currently standing at ₹3040.3 after dropping ₹36.70. The stock has seen a brisk volume flow, with 6,835 shares traded so far today.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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