Akzo Nobel India Ltd

📉 Akzo Nobel India Subsidiary Receives Revised GST Demand Order

• Initial GST demand: ₹101.09 crore (tax: ₹36.88 crore, interest: ₹27.34 crore, penalty: ₹36.88 crore)

• Revised demand after company response: ₹14.76 crore (tax: ₹4.81 crore, interest: ₹5.15 crore, penalty: ₹4.81 crore)

• Order received from Karnataka GST Department on April 21, 2026

• Relates to disallowed input tax credit for period April 2019 to March 2020

• Company preparing response within given timeframe

• No involvement of key management, promoters, or ultimate persons in control