ACC receives ₹59.8 Cr GST demand order, plans to appeal

ACC Ltd has received an order dated April 10, 2026, from the Joint Commissioner Taxpayer Services Circle, Thalassery, under Section 74 of the CGST/KSGST Act, 2017. The order demands ₹59,80,58,854/-, which includes interest and penalty. The alleged violations include excess availment of Input Tax Credit (ITC), irregular deduction of post-supply discounts, availment of blocked ITC, and non-reversal of ITC on goods lost where insurance compensation was received. ACC plans to contest the order before the appropriate authorities and states that it does not foresee any material impact on its financial, operational, or other activities.