JB Chemicals Receives Tax Demand Order of ₹37 Lakhs from Tamil Nadu Commercial Tax Officer
JB Chemicals & Pharmaceuticals Limited has received an order from the Commercial Tax Officer, Tamil Nadu, concerning a tax demand of approximately ₹37 Lakhs. This demand pertains to the disallowance/m...
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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, which is a negative event. however, they have a strong case on merits and plan to appeal, and they have stated there will be no financial or operational impact, mitigating the negative sentiment.
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JB Chemicals Receives Tax Demand Order of ₹37 Lakhs from Tamil Nadu Commercial Tax Officer
December 24, 2025, 11:57 AM
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JB Chemicals & Pharmaceuticals Limited has received an order from the Commercial Tax Officer, Tamil Nadu, concerning a tax demand of approximately ₹37 Lakhs. This demand pertains to the disallowance/mismatch of Input Tax Credit (ITC) during the Financial Year 2018-19.
The company received this communication on December 24, 2025. The alleged violation involves the disallowance or mismatch in input tax credit claims. However, JB Chemicals stated that it has a strong case on merits and intends to file an appeal against the order. The company also clarified that this order is not expected to have any impact on its financial, operational, or other activities.
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