Legal31 March 2026 at 01:47 pm
UltraTech Cement Ltd Receives Order from GST Authority for Tax Demand of Rs. 53,81,19,148
AI Summary
UltraTech Cement Ltd has received an Order from the Additional Commissioner, Central Goods and Services Tax, Dehradun, Uttarakhand. The Order confirms a tax demand of Rs. 53,81,19,148 plus applicable interest on tax demand and a penalty of the same amount. The Order is in relation to an alleged differential tax liability and non-reversal of ITC pertaining to FY 2019-20 to FY 2023-24. The Company plans to contest the demand and does not expect any material financial impact.
Key Highlights
- UltraTech Cement Ltd has received an Order from the Additional Commissioner, Central Goods and Services Tax, Dehradun, Uttarakhand
- The Order confirms a tax demand of Rs. 53,81,19,148 plus applicable interest on tax demand and a penalty of the same amount
- The Order is in relation to an alleged differential tax liability and non-reversal of ITC pertaining to FY 2019-20 to FY 2023-24
- The Company plans to contest the demand
- The Company does not expect any material financial impact