J.B. Chemicals & Pharmaceuticals has received a tax demand of ₹37 Lakhs due to disallowance/mismatch of ITC during FY 2018-19. The company is preparing to appeal the order, believing it has a strong case on merits. The company states that this tax demand will not impact financial, operational, or other activities.
Tax Demand Received
J.B. Chemicals & Pharmaceuticals has been notified of a tax demand by the Commercial Tax Officer, Tamil Nadu, on December 24, 2025. The demand amounts to ₹37 Lakhs and pertains to disallowance or mismatched input tax credit (ITC) during the financial year 2018-19.
Company Response
The issue relates to a disallowance/mismatch in input tax credit. The company intends to file an appeal against this order based on the merits of its case. Despite the tax demand, J.B. Chemicals & Pharmaceuticals asserts that it anticipates no impact on its financial standing, operations, or other business activities as a result of this order.
Source: BSE