JSW Dulux Limited has filed a disclosure with the BSE and NSE pursuant to SEBI Listing Regulations (Second Amendment), 2023 and Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/120 dated July 13, 2023. The disclosure pertains to the pendency of a litigation/ dispute.
Details of the Litigation/Dispute
- Nature of Event: Receipt of a Show Cause Notice from the Gujarat GST Department.
- Opposing Party: Superintendent (A.E) CGST, Ahmedabad North, Gujarat GST Department.
- Date of Notice Receipt: September 1, 2026, at 12:30 pm.
- Notice Date: August 28, 2026.
- Legal Reference: Notice issued under Section 122 of the CGST Act/Rules, 2017.
- Period Under Scrutiny: April 2020 to March 2022.
- Reason: Disallowance of Input Tax Credit (ITC) as part of a GST scrutiny.
Financial Implications
The notice proposes a total financial liability aggregating to ₹9,294, which comprises:
- Tax: ₹4,647
- Interest: As applicable (amount not specified)
- Penalty: ₹4,647
Management View and Next Steps
The company states that this is a Show Cause Notice and is open for further submissions before the relevant authorities. JSW Dulux is in the process of preparing a response to the notice and will submit it within the stipulated timeframe mentioned therein.