Akzo Nobel India Limited announced that Tamil Nadu GST Department has issued orders (dated April 08, 2024), received by the company on April 11, 2024, setting aside the aforesaid tax liability. For the period from April 2020 to 2021 and April 2022 to September 2022 under the CGST/SGST Act, 2017, pertaining to disallowance of input tax credit (ITC) leading to tax liability of INR 460.2 million (plus penalty), the Deputy Commissioner (ST)-IV, Tamil Nadu GST Department has issued orders (dated April 08, 2024), received by the Company on April 11, 2024, setting aside the aforesaid tax liability.