Akzo Nobel India has received an order from the Karnataka GST Department following a show cause notice. The order, received on January 1, 2026, pertains to input tax credit disallowance. The demand aggregates to Rs. 41,56,861, comprising tax, interest, and penalty, and the company is currently responding within the specified timeframe.
Order Details
Akzo Nobel India received a show cause notice from the Karnataka GST Department on June 27, 2025, regarding disallowance of input tax credit. This related to the period from April 2018 to March 2019.
Demand Raised
The initial demand was Rs. 17,66,46,778, including:
- Tax: Rs. 5,65,17,926
- Interest: Rs. 6,36,10,926
- Penalty: Rs. 5,65,17,926
Company Response and Subsequent Order
The company submitted its response, and on January 1, 2026, received an order from the Assistant Commissioner of Commercial Taxes. The revised demand is Rs. 41,56,861 and includes:
- Tax: Rs. 12,89,949
- Interest: Rs. 15,76,963
- Penalty: Rs. 12,89,949
Next Steps
Akzo Nobel India is in the process of responding to the order within the given timeframe.
Source: BSE
