JSW Dulux Limited has received an order from the Telangana GST Department disallowing Input Tax Credit (ITC) amounting to ₹84,75,163. The disallowance comprises tax of ₹77,04,694 and penalty of ₹7,70,469. The company is currently reviewing the order and preparing its response within the stipulated timeframe.
GST Input Tax Credit Disallowance
JSW Dulux Limited has been notified of an order from the Telangana GST Department concerning the disallowance of Input Tax Credit (ITC). The order, received on August 24, 2026, pertains to a GST Audit for the period from April 2022 to March 2023. The total disallowance amounts to ₹84,75,163.
Financial Impact and Breakdown
The disallowance of Input Tax Credit comprises several components:
- Tax Amount: ₹77,04,694
- Interest: Nil
- Penalty Amount: ₹7,70,469
The total liability aggregated as per the order is ₹84,75,163.
Company’s Stance and Next Steps
JSW Dulux Limited acknowledges the order and is currently evaluating its options. The company stated that the order is open for further submissions before the relevant authorities. Management is in the process of formulating its response and will adhere to the stipulated timeframes mentioned in the order.
Source: BSE
