Akzo Nobel India Receives Show Cause Notice Regarding Input Tax Credit

Akzo Nobel India has received a show cause notice from the Maharashtra GST Department regarding a disallowance of Input Tax Credit. The notice, dated September 30, 2025, pertains to the period from April 2021 to March 2022. The total amount in question is ₹3,94,59,459, including tax, interest, and potential penalties. The company is currently preparing its response.

GST Notice Received

Akzo Nobel India has been issued a show cause notice by the Maharashtra GST Department. The notice relates to a disallowance of Input Tax Credit identified during a GST scrutiny process. The company received the notice on October 9, 2025, at 6:00 pm.

Details of the Disallowance

The show cause notice, dated September 30, 2025, refers to potential disallowance of Input Tax Credit for the period covering April 2021 to March 2022. The total amount related to this disallowance is approximately ₹3,94,59,459.

Financial Implications

The total liability mentioned in the notice is ₹3,94,59,459, which includes the tax amount, applicable interest, and potential penalties as per the notice.

Company Response

Akzo Nobel India is currently reviewing the show cause notice and preparing a detailed response. The company intends to submit its response within the stipulated timelines. The matter is subject to further submissions and review by the relevant authorities.

Source: BSE

InvestyWise News
InvestyWise News
Covers market-moving news with speed and precision, delivering sharp insights to help readers stay ahead in the fast-paced world of stocks.

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!