JSW Dulux Ltd received an appeal order from the Madhya Pradesh GST Department annulling a demand of ₹77.13 lakh. The order, received on October 13, 2026, sets the previously disputed tax and penalty liability to nil.

The dispute originated from a demand order issued on August 28, 2024, under Section 73 of the CGST/SGST Act, 2017. This initial order related to the period from July 2022 to March 2023 and disallowed Input Tax Credit (ITC). The total demand comprised a tax amount of ₹70.12 lakh and a penalty of ₹7.01 lakh. Interest on the said amount was stated as nil in the original order.

Following the issuance of the demand, the company filed an appeal within the stipulated time limit, submitting supporting documents to challenge the disallowance. The Commissioner of Appeals reviewed the case and issued the final appeal order on October 8, 2026.

Resolution of Litigation

The resolution marks the conclusion of this specific litigation matter for the company. The key financial details of the dispute and its resolution are outlined below:

The company disclosed this update pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows earlier updates regarding pending litigation, including a previous disclosure made on August 29, 2024.

What the Numbers Show

The annulment of the demand eliminates a contingent liability of ₹77.13 lakh that had been disclosed in prior filings. Since the interest component was explicitly stated as nil in the original demand order, the total cash outflow avoided is limited strictly to the principal tax and penalty amounts. The reversal of both the tax component (₹70.12 lakh) and the penalty (₹7.01 lakh) indicates a complete victory on the merits of the Input Tax Credit claim for the specified period.

JSW Dulux Limited received a show cause notice from the Punjab GST Department for ₹11.83 lakh related to Input Tax Credit (ITC) disallowance for April 2022 to March 2023.

The notice, issued under Section 73 of the CGST Act, 2017, was received on October 1, 2026. It stems from a GST scrutiny process conducted by the Assistant Commissioner in Mohali, Punjab.

Breakdown of Financial Implications

The total liability claimed aggregates to ₹11,83,596. The department has broken down this amount into tax, interest, and penalty components.

Management Response

The company stated that the matter is open for further submissions before the relevant authorities. JSW Dulux is currently in the process of responding to the notice within the stipulated time frame mentioned therein.

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting pending litigation that may impact the listed entity.