Key Quantitative Figures
The original Demand Order from Karnataka GST Department dated 21st April 2026 was for an aggregate amount of ₹14,75,83,468 (₹14.76 crore) for the period 2019-20. This comprised:
- Tax: ₹4,80,57,137
- Interest: ₹5,14,69,194
- Penalty: ₹4,80,57,137
The entire demand of ₹14,75,83,468 has been nullified by the Appeal Order.
Dates of Action
- Original Demand Order received: 21st April 2026
- Appeal filed: Within required timeframe after demand order
- Appeal Order issued: 19th September 2026
- Appeal Order received by company: 21st September 2026 at 9:00 am
- Disclosure date: 21st September 2026
Parties Involved
- Regulator: Karnataka GST Department
- Appellate Authority: Joint Commissioner of LGSTO 38, Bengaluru, Karnataka
Purpose/Rationale
The company filed an appeal along with necessary supporting documents challenging the original demand order within the required timeframe.
Financial Impact
The entire demand of ₹14,75,83,468 has been nullified. The original Demand Notice/order stands annulled as a result of the Appeal Order.
Status Update
This is an update to the pending litigation disclosed earlier on 22nd April 2026. The matter has now been concluded favorably for the company with the complete annulment of the GST demand.
#Tags: #JSWDulux #GSTLitigation #SEBIDisclosure #RegulatoryCompliance #Positive