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JSW Dulux GST Demand Cut By 64 Percent To Rs 42 Crore In Input Tax Credit Dispute
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CNBC TV18•19-10-2026, 23:27
JSW Dulux GST Demand Cut By 64 Percent To Rs 42 Crore In Input Tax Credit Dispute
- •The Karnataka GST Department reduced JSW Dulux tax demand from Rs 118.33 crore to Rs 42.04 crore for the financial year 2021 input tax credit dispute.
- •The original demand included Rs 40.09 crore in tax, Rs 38.18 crore in interest, and Rs 40.07 crore as a penalty, issued by the Assistant Commissioner of Commercial Taxes in Bengaluru.
- •The revised demand now comprises Rs 14.07 crore in tax, Rs 13.90 crore in interest, and Rs 14.07 crore in penalty, lowering the total liability by about 64.47 percent.
- •JSW Dulux stated that the matter is not yet fully settled and the company is currently preparing its response to the latest order within the stipulated timeframe.
- •Following the announcement, JSW Dulux shares closed at Rs 3,058.60 on the National Stock Exchange, marking a decrease of 0.45 percent.
Key Questions Answered
The Karnataka GST Department reduced JSW Dulux's tax demand from ₹118.33 crore to ₹42.04 crore in an input tax credit dispute for FY21.
The revised demand comprises ₹14.07 crore in tax, ₹13.90 crore in interest, and ₹14.07 crore as a penalty.
The dispute relates to the period between April 2020 and March 2021, with the initial show-cause notice issued on August 5, 2026, under Section 74 of the CGST and SGST Acts.
