Kansai Nerolac Paints Limited — Others, 29-04-2025: Action(s) initiated or orders passed

KANSAI NEROLAC PAINTS LIMITED received a penalty order of ₹1.49 crore from the Additional Commissioner, CGST (Appeals), Gurugram, regarding the disallowance of transitional input tax credit claimed for FY 2017-18 in Haryana. The company believes it has adequate documentation to support its claim and intends to appeal the decision at the GST Tribunal. Despite this ruling, the company assures stakeholders that the penalty will not materially impact its financials or operations, indicating ongoing stability during the legal process.