JSW Dulux Limited receives favorable appeal order regarding GST dispute
JSW Dulux Limited has received a crucial update concerning a pending litigation initiated by the Karnataka GST Department related to tax liabilities for the 2020-21 period. The company successfully appealed the initial demand order, leading to the annulment of the original notice.The proceedings originated from an order issued by the Karnataka GST Department on March 3, 2025. This initial order disallowed input tax credit under Section 74 of the CGST Act, 2017, and consequently demanded a payment totaling INR 1,57,91,107.
The financial composition of the original demand included:
- Tax: INR 82,95,827
- Interest: INR 58,36,114
- Penalty: INR 16,59,166
In response to this demand notice, JSW Dulux Limited filed an appeal along with supporting documents. The Joint Commissioner of Commercial Taxes (Appeals) at the Karnataka GST Department reviewed the submitted appeal.
The review concluded with the issuance of an appeal order dated July 13, 2026. According to this appellate order, the revised demand amount stands at zero. As a direct result of this outcome, the original Demand Notice has been annulled.
JSWDULUX Stock Price Movement
At 11:15 AM, JSW Dulux Limited sheds slightly as its stock trades down 0.13% to reach ₹3030.2. The shares have experienced significant intraday volatility, with the equity trading within a range established between a low of ₹2990.8 and a high of ₹3046.2.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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