J.B. Chemicals & Pharmaceuticals has received an order from the Joint Commissioner of State Tax, Uttar Pradesh, regarding the disallowance of input tax credit (ITC). The order, received on December 15, 2025, pertains to a demand of ₹4.01 crores in respect of disallowance of ITC during FY 2021-22. The company intends to appeal the order.
Order Details
J.B. Chemicals & Pharmaceuticals has received an order from the Joint Commissioner of State Tax, Uttar Pradesh, concerning the disallowance of input tax credit. The order was received on December 15, 2025.
Financial Impact
The demand related to the disallowance of input tax credit during FY 2021-22 amounts to ₹4.01 crores.
Company Response
The Company has a strong case on merits and will prefer an appeal against the order. The company believes that there is no material impact on financials, operation or other activities due to this order.
Source: BSE