JSW Dulux Gets Partial Relief as Karnataka GST Department Reduces Tax Demand from Rs 118.33 Crore to Rs 42.04 Crore:

The Karnataka GST department has issued an order reducing the tax demand on JSW Dulux Limited (formerly known as Akzo Nobel India Limited) from Rs 118.33 crore to Rs 42.04 crore. This was disclosed in a regulatory filing with the BSE and the NSE in compliance with SEBI’s listing regulations on October 19, 2026.

The matter is regarding a show cause notice issued by the Karnataka GST Department on 5th August 2026 for the period April 2020 to March 2021. The show-cause notice alleged wrongful claim of input tax credit and raised total demand of Rs 118.33 crore including Rs 40.09 crore as tax, Rs 38.18 crore as interest and Rs 40.07 crore as penalty.

The company submitted its reply with supporting documents within the prescribed time. After considering the submission, the company received an order dated October 15, 2026, issued by the Assistant Commissioner of Commercial Taxes, Bengaluru. The revised demand stands at Rs 42.04 crore, comprising Rs 14.07 crore in tax, Rs 13.90 crore in interest and Rs 14.07 crore in penalty.

JSW Dulux said the order allows for further submissions to the relevant authorities. The company is currently preparing its response within the stipulated timeframe. The matter remains ongoing, and the company has not yet disclosed a final resolution of the dispute.