FilingReader Intelligence
Akzo Nobel India GST demand cut by 58%
August 7, 2025 at 08:09 AM UTC•By FilingReader AI
Akzo Nobel India Limited received a significantly reduced GST demand following an appeal to Tamil Nadu tax authorities.
The company's original demand of INR 617m for the 2017-2020 period, related to disallowed input tax credits, has been cut to INR 260m - a reduction of 58%.
The revised demand comprises tax of INR 237m and penalty of INR 23m. The company is currently responding to the appeal order dated July 31, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:AKZOINDIA•Bombay Stock Exchange
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