Akzo Nobel India Receives Order on GST Demand; Amount Reduced to ₹41.57 Lakhs
Akzo Nobel India Limited has received an order from the Karnataka GST Department concerning a show cause notice issued on 27th June 2025. The initial notice, pertaining to the period from April 2018 t...
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Why is Akzo Nobel India Limited in the news today?
Akzo Nobel India Limited (AKZOINDIA) is in the news due to the company received an order regarding a gst demand. while the demand has been significantly reduced from the initial notice, it is still a financial obligation and the company is in the process of responding, indicating ongoing developments.
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Akzo Nobel India Receives Order on GST Demand; Amount Reduced to ₹41.57 Lakhs
January 1, 2026, 11:19 AM
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Akzo Nobel India Limited has received an order from the Karnataka GST Department concerning a show cause notice issued on 27th June 2025. The initial notice, pertaining to the period from April 2018 to March 2019, had mentioned a demand aggregating to ₹17,66,46,778, which included disallowance of input tax credit under Section 74 of the CGST/SGST Act, 2017. The demand comprised tax of ₹5,65,17,926, interest of ₹6,36,10,926, and penalty of ₹5,65,17,926.
The company submitted its response with supporting documents. Following a review, the Assistant Commissioner of Commercial Taxes issued a revised order on 30th December 2025, which was received by the company on 1st January 2026. This new order specifies a reduced demand aggregating to ₹41,56,861, consisting of tax amounting to ₹12,89,949, interest of ₹15,76,963, and penalty of ₹12,89,949.
This order is open for further submissions to the relevant authorities, and Akzo Nobel India is currently in the process of responding within the indicated timeframe.
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