J.B. Chemicals & Pharmaceuticals has received an order from the Assistant Commissioner of State Tax, Maharashtra, regarding a tax demand of ₹2.43 crore. This demand relates to the disallowance/mismatch of Input Tax Credit (ITC) during the financial year 2021-22. The company intends to appeal the order, believing it has a strong case on the merits.
Tax Demand Details
J.B. Chemicals & Pharmaceuticals has been issued a tax demand by the Assistant Commissioner of State Tax, Maharashtra. The total demand amounts to ₹2.43 crore and arises from the disallowance/mismatch of Input Tax Credit (ITC) during the fiscal year 2021-22. The order was officially received on December 29, 2025.
Company Response
The company disagrees with the order and intends to file an appeal. Management believes that it has a good case on the merits. According to the company’s statement, the tax demand is not expected to have a significant impact on the financial, operational, or other business activities of the Company.
Source: BSE
