Tax & Penalty11 Apr 2026, 12:30 pm
Ambuja Cements receives ₹19.3 Cr GST demand order; plans appeal
AI Summary
Ambuja Cements Ltd has received a demand order of ₹19,29,92,594/- (including interest and penalty) under Section 74 of the GST Act, 2017, from Superintendent (ADJ.) CGST and CX Nagpur-I. The order, received on April 10, 2026, alleges excess availment of ineligible Input Tax Credit (ITC) due to GSTR 2B mismatches and delayed payment of GST under reverse charge on mining royalty for the financial years 2019-20 to 2022-23. The company is in the process of filing an appeal against the said order before the competent authority and does not foresee any material impact on its financial, operational, or other activities.
Key Highlights
- Ambuja Cements received a ₹19.3 Cr GST demand order.
- Order includes interest and penalty under Section 74 of GST Act.
- Allegations involve ineligible ITC and delayed GST on mining royalty.
- Company plans to appeal the order before the competent authority.
- No material financial or operational impact is currently foreseen.