Asian Paints Limited announced that the following Orders have been passed by the GST Authorities against the Company: Name of the authority: The Excise and Taxation Officer, Rohtak,Haryana. An Order dated 26th April 2024 passed under relevant provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions of the Haryana Goods and Services Tax Act, 2017 (`Acts') for Fiscal Year 2018-19 w.r.t disallowance of input tax credit (`ITC') on import of goods reported in Annual Return of Fiscal Year 2018-19 but availed in GST return in Fiscal Year 2019-20. The total tax demand amounts to INR 6,00,88,598/- along with interest of INR 5,40,68,761/- and a penalty of INR 60,08,857/- has been imposed. An Order dated 27th April 2024 passed under
relevant provisions of the Central Goods and Services Tax Act, 2017, and the corresponding provisions of the Uttar Pradesh Goods and Services Tax Act, 2017 (`Acts') for Fiscal Year 2018-19 w.r.t disallowance of input tax credit (`ITC') on travelling expenses. The total demand amounts to INR 31,95,110/-, along with interest of INR 32,06,490/- and a penalty of INR 3,19,512/- has been imposed.