JSW Dulux Limited has received a Show Cause Notice from the Karnataka GST Department regarding the disallowance of Input Tax Credit (ITC) for the period April 2022 to March 2023. The total liability, including tax, interest, and penalty, amounts to ₹10,60,96,432. The company is currently in the process of responding to the notice and presenting its case to the authorities.
Tax Dispute Disclosure
JSW Dulux Limited has been served with a Show Cause Notice by the Karnataka GST Department, initiating a tax dispute with potentially significant financial implications. The notice, dated September 10, 2026, pertains to the disallowance of Input Tax Credit (ITC) claimed by the company for the financial period spanning April 2022 to March 2023.
Financial Implications of Dispute
The aggregate amount under contention totals ₹10,60,96,432. This figure is broken down into three components: a tax component of ₹6,17,03,450, interest amounting to ₹3,82,22,637, and a penalty of ₹61,70,345. This disclosure is made in compliance with regulatory requirements regarding material litigation or disputes that could impact the listed entity.
Company’s Response Strategy
JSW Dulux Limited has stated that this matter is currently a Show Cause Notice, indicating that it is open for further submissions and negotiation with the relevant tax authorities. The company is actively preparing its response and is engaged in addressing the notice within the stipulated timeframe. Management’s view is that the matter is under active consideration and will be responded to appropriately.
Source: BSE
