Tax & Penalty8 Aug 2026, 04:00 pm

Cemindia Projects Receives ₹1.24 Cr GST Demand Order

AI Summary

Cemindia Projects Ltd has received a demand order from the Assistant Commissioner, Ahmedabad, Gujarat, for ₹1.24 Crore in tax and penalty. This is related to a mismatch between Input Tax Credit (ITC) claimed in GSTR3B and reflected on the GST portal for FY 2020-21. The order comprises IGST of ₹57.03 Lakhs and CGST and SGST of ₹33.67 Lakhs each. The company plans to file an appeal and does not anticipate any material financial impact.

Key Highlights

Received ₹1.24 Cr GST demand order including penalty.
Order relates to FY21 ITC mismatch on GST portal.
Company plans to appeal the order.
No material financial impact anticipated by the company.

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ITDCEM

Civil Construction

ITD CEMENTATION INDIA LTD.

Price Impact