Kansai Nerolac Paints Appoints New Managing Director for 2025 Apr 10, 2025
More news about Kansai Nerolac Paints
05Mar 25
Kansai Nerolac Paints Sees Significant Reduction in Tax Demand
Kansai Nerolac Paints has received significant tax relief, with its tax demand reduced from ₹783 million to ₹151.6 million, an 80.6% reduction. The initial demand was raised due to discrepancies in Input Tax Credit claims for FY 2017-18. The company plans to appeal further to the GST Tribunal, asserting it has relevant records to support its claims. This development could positively impact the company's financial position, subject to the final outcome of the planned appeal.