JSW Dulux Limited (formerly Akzo Nobel India Limited) has disclosed a potential financial exposure amounting to ₹9,294 lakhs. This relates to a Show Cause Notice received from the Gujarat GST Department concerning the disallowance of Input Tax Credit (ITC) for the period of April 2020 to March 2022. The company is currently in the process of responding to the authorities.
GST Show Cause Notice Issued
JSW Dulux Limited has been issued a Show Cause Notice by the Superintendent (A.E) CGST, Ahmedabad North, Gujarat GST Department. This notice, dated 28.08.2026, pertains to the disallowance of Input Tax Credit (ITC) for the period spanning from April 2020 to March 2022. The total amount aggregated under this disallowance is ₹9,294 lakhs.
Financial Implications Detailed
The total potential liability arising from this notice is reported as ₹9,294 lakhs. This figure is broken down into a tax amount of ₹4,647 lakhs, applicable interest, and a penalty amounting to ₹4,647 lakhs. These figures are based on the disallowance of Input Tax Credit as outlined in the notice.
Company’s Response Strategy
JSW Dulux Limited acknowledges that the issuance of a Show Cause Notice means the matter is open for further submissions. The company is actively engaged in preparing its response to the relevant authorities and intends to submit it within the stipulated timeframe. The management’s view is that the company is in the process of responding to the same.
Source: BSE
