Kansai Nerolac fined ₹80.28 Lakhs for GST non-compliance in FY22
Kansai Nerolac Paints Limited has received an order from the Deputy Commissioner of State Tax, Mumbai, imposing a penalty of ₹80,28,564 under Section 73 of the Central Goods and Services Tax Act, 2017...
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Why is Kansai Nerolac Paints Limited in the news today?
Kansai Nerolac Paints Limited (KANSAINER) is in the news due to the company has received a penalty order but disputes the claim and plans to appeal, indicating a neutral stance as the outcome is uncertain. while a penalty is negative, the lack of material impact and the intent to appeal mitigate the negativity.
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Kansai Nerolac fined ₹80.28 Lakhs for GST non-compliance in FY22
December 29, 2025, 11:54 AM
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More Details on This News
Kansai Nerolac Paints Limited has received an order from the Deputy Commissioner of State Tax, Mumbai, imposing a penalty of ₹80,28,564 under Section 73 of the Central Goods and Services Tax Act, 2017. This demand has arisen primarily due to partial disallowance of Input Tax Credit (ITC) claimed by the company during the Financial Year 2021-22 for the state of Maharashtra.
The company stated that it possesses relevant records to substantiate its claim for ITC and intends to file an appeal against this order. Kansai Nerolac has further clarified that this order will not have any material impact on its financials, operations, or other activities.
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