JSW Dulux Limited received a show cause notice from the Karnataka GST Department seeking ₹10.61 crore for alleged input tax credit disallowance. The notice, dated September 10, 2026, covers the period from April 2022 to March 2023.
The company disclosed the development on September 15, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued by the Assistant Commissioner, Large Taxpayers Unit, Bengaluru.
Breakdown of Liability
The total demand of ₹10,60,96,432 comprises tax, interest, and penalty components as detailed below:
| Component | Amount (₹) |
| Tax | 6,17,03,450 |
| Interest | 3,82,22,637 |
| Penalty | 61,70,345 |
| Total | 10,60,96,432 |
Management Response
JSW Dulux stated that the matter is currently at the show cause stage and open for further submissions. The company is preparing its response within the stipulated timeline. No financial provision has been made as the outcome remains uncertain pending further proceedings.
