JSW Dulux Wins GST Litigation; ₹9.89 Lakh Penalty Waived, Refund Issued
JSW Dulux received a Refund Order on September 7, 2026, from Karnataka GST Dept, waiving a ₹9.89 Lakh penalty imposed earlier. The order includes a refund of ₹10.81 Lakhs, comprising tax and interest, effectively annulling the demand. This resolves a GST litigation disclosed on December 31, 2024.
The penalty amount and refund are relatively small in comparison to the company's overall financials, hence the impact is considered low.
The company has successfully resolved a litigation with the GST department, resulting in the waiver of a penalty and a refund, which is a positive outcome.
JSW Dulux Limited (formerly Akzo Nobel India Limited) has received a Refund Order from the Karnataka GST Department on September 7, 2026. This order follows a Demand Order issued on December 30, 2024, which had imposed a penalty of ₹9,89,064 under Section 129(3) of the SGST Act/Rules, 2017 for the financial year 2024-25, due to a discrepancy involving E-Way Bill No. 162008896389 and Invoice No. 118293, dated December 24, 2024.
Following an appeal filed by the Company with supporting documents, the Joint Commissioner of the LGSTO 38 in Bengaluru reviewed the submissions. The subsequent Refund Order, dated September 5, 2026, and received by the Company on September 7, 2026, amounts to ₹10,81,413. This refund includes ₹9,89,064 for tax and ₹92,349 for interest. The original penalty of ₹9,89,064 has been waived, effectively annulling the original Demand Order.
This update is provided in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular SEBI/HO/CFD/CFDPoD-1/CIR/2023/123 dated July 13, 2023, regarding pending litigation. The previous disclosure on this matter was made on December 31, 2024.
What to do with a filing like this
JSW Dulux Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Dulux Limited. Read the original for the full detail.