GENERAL19 Oct 2026
Karnataka GST Department cuts JSW Dulux demand to ₹42 crore
Karnataka's GST department has cut its tax demand on JSW Dulux, formerly Akzo Nobel India, to ₹42.04 crore from ₹118.33 crore for FY21. The dispute concerns input tax credit claims between April 2020 and March 2021. The company says the October 15 order lets it make further submissions, and it is preparing a response. The matter is not closed.
Key Statutory Highlights
- The revised ₹42.04 crore demand is made up of ₹14.07 crore in tax, ₹13.90 crore in interest and ₹14.07 crore as penalty.
- The show-cause notice of August 5, 2026 had proposed disallowing input tax credit under Section 74 of the CGST Act and the Karnataka SGST Act, 2017.
- JSW Dulux received the order on October 19, 2026 at 3:30 pm, and its shares closed at ₹3,058.60 on the NSE that day.
Actionable Advice for Taxpayers / Founders:The company has said it will make further submissions within the timeframe set by the October 15 order; watch for that response and for any follow-up order from the Assistant Commissioner of Commercial Taxes, LGSTO LTU, Bengaluru.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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