JSW Dulux Limited has disclosed the receipt of a Show Cause Notice from the Karnataka GST Department for the period April 2022 to March 2023. The notice proposes a disallowance of Input Tax Credit amounting to ₹48,58,65,992, comprising tax, interest, and penalty. The company is currently in the process of responding to the authorities.
GST Department Issues Show Cause Notice
JSW Dulux Limited has announced that it has received a Show Cause Notice (SCN) from the Karnataka GST Department concerning a proposed disallowance of Input Tax Credit (ITC). The notice, issued under Section 73 of the CGST Act/Rules, 2017, covers the financial period from April 2022 to March 2023.
Financial Implications of the Demand
The SCN proposes a total demand of ₹48,58,65,992. This aggregate amount is broken down as follows: ₹27,11,47,157 as tax, ₹18,76,04,118 as interest, and ₹2,71,14,717 as penalty. The company has been notified of this demand on September 7, 2026.
Company’s Response and Management View
JSW Dulux Limited is actively engaged in addressing the notice. As this is a Show Cause Notice, the company has the opportunity to provide further submissions to the relevant authorities. Management has stated that the company is currently preparing its response and will submit it within the stipulated timeframe. The matter remains open for further proceedings and potential resolution.
Source: BSE
