Akzo Nobel India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
JSWDULUX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Akzo Nobel India has received a demand order dated 31 July 2025 (received on 29 August 2025) from the Joint Commissioner of CGST and CEX, Belapur, in a long-pending service tax dispute originally dating back to show cause notices of 2014. The dispute relates to Cenvat credit claimed on Goods Transport Agency (GTA) services distributed through Input Service Distributor invoices for the period December 2008 to June 2014. The revised demand has come in slightly lower than the original at Rs. 48.56 lakh (tax of Rs. 24.28 lakh plus equal interest and penalty), down from the original quantified demand of Rs. 60.06 lakh. The company is still within the window to make further submissions to the authorities and is in the process of responding. Note: the headline tags this as a JSW Dulux filing, but the document itself is from Akzo Nobel India Limited.
The financial impact is relatively small (under Rs. 50 lakh) and the matter is still being contested, so the immediate effect on shareholders is limited. However, a final adverse order could dent earnings marginally and the long-pending nature of the case adds some regulatory overhang.