Date: June 28, 2026
Regulatory Disclosure Details
JK Maxx Paints Limited, a wholly owned subsidiary of J.K. Cement Limited, received an order from the Additional Commissioner of State Tax, Patna (Bihar) dated June 27, 2026. The order was received by the company on June 27, 2026, at approximately 6:30 PM IST.
Nature of Order
The order pertains to GST demands related to M/s Acro Paints Limited, which has been amalgamated with JK Maxx Paints Ltd. The authority dropped a tax demand of ₹33,32,100 but confirmed a tax demand of ₹49,512 along with applicable interest and a penalty of ₹20,000.
Alleged Violation
The order cites wrong availment of Input GST that did not match with GSTR 2B/2A filings.
Financial Impact and Company Response
The company states that the order does not have a major financial impact on its operations. JK Maxx Paints Limited does not agree with the contentions imposing the demand and believes it has a strong case on merits. The company intends to file an appeal before the Goods and Services Tax Appellate Tribunal (GSTAT) within three months from the date of receipt of the order.