Legal29 March 2026 at 10:01 am
HeidelbergCement India Ltd Receives GST Authority Order for IGST and Penalty
AI Summary
HeidelbergCement India Ltd has received an order from the Assistant Commissioner, CGST Division Damoh (the GST Authority) under Section 74 read with Section 122 (2) (b) and Section 50 of IGST Act, 2017. The order, dated 28.03.2026, requires the company to pay an IGST amount of Rs. 140,68,285/- along with a penalty of an equal amount and applicable interest. The company is currently reviewing the order and considering legal options, planning to contest the order.
Key Highlights
- HeidelbergCement India Ltd received an order from the GST Authority for IGST and penalty
- The order amounts to Rs. 140,68,285/- along with an equal penalty and applicable interest
- The company is reviewing the order and considering legal options
- The company plans to contest the order
- The order is not expected to have a material impact on the company's financials or operations