JB Chemicals Receives ₹2.43 Crore Tax Demand Order
JB Chemicals & Pharmaceuticals Limited has received an order from the Assistant Commissioner of State Tax, Maharashtra, imposing a tax demand of approximately ₹2.43 crore. This demand pertains to the...
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Why is JB Chemicals & Pharmaceuticals Limited in the news today?
JB Chemicals & Pharmaceuticals Limited (JBCHEPHARM) is in the news due to the company received a tax demand order, which is a negative event. however, the company believes it has a strong case and intends to appeal, and states there is no financial or operational impact, mitigating the negativity.
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JB Chemicals Receives ₹2.43 Crore Tax Demand Order
December 30, 2025, 09:48 AM
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JB Chemicals & Pharmaceuticals Limited has received an order from the Assistant Commissioner of State Tax, Maharashtra, imposing a tax demand of approximately ₹2.43 crore.
This demand pertains to the disallowance and mismatch of Input Tax Credit (ITC) for the financial year 2021-22. The company was informed of this order on December 29, 2025.
The company believes it has a strong case on merits and intends to file an appeal against the order. JB Chemicals stated that this order is not expected to have any impact on its financial, operational, or other activities.
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