Legal1 April 2026 at 12:04 pm
JK Lakshmi Cement Ltd Receives Order u/s 74 of GST Act'2017 for ₹11.52 Lakh Demand
AI Summary
JK Lakshmi Cement Limited has received an order u/s 74 of the Goods & Services Tax Act'2017 on 31st March 2026 from the Office of Additional Commissioner Jurisdiction: Jodhpur, Jaipur, CBIC, Rajasthan. The order pertains to a Show Cause Notice (SCN) dated 18th September 2025, alleging wrongful availment of Input Tax Credit (ITC) amounting to ₹263.84 lakh for the period from April 2019 to March 2023. After adjudication, the GST Department has dropped the substantial portion of the demand aggregating to ₹252.32 lakh. However, a demand of ₹11.52 lakh, along with an equivalent penalty, has been upheld. The Company is in the process of filing an appeal against the aforesaid disallowance of ₹11.52 lakh.
Key Highlights
- JK Lakshmi Cement Ltd received an order u/s 74 of the GST Act'2017 for ₹11.52 lakh demand.
- The order is in response to a Show Cause Notice (SCN) dated 18th September 2025 alleging wrongful availment of ITC.
- The GST Department has dropped ₹252.32 lakh of the total demand after adjudication.
- The Company is in the process of filing an appeal against the ₹11.52 lakh disallowance.
- The period for which the communication is applicable is FY 2019-20 to 2022-23.