Tax & Penalty4 Jul 2026, 08:20 pm
JK Cement Appeals SGST Order, Minimal Demand Confirmed
AI Summary
JK Cement Ltd has received an order from the Additional Commissioner (Appeals), SGST, Kota, partly allowing appeals against two demand orders. For FY 18-19, a demand of ₹2,99,95,934 was dropped, with a minimal demand of ₹9,83,196 confirmed. For FY 2020-21, a demand of ₹7,28,33,509 was dropped, with a minimal demand of ₹65,984 confirmed. The company stated the orders do not have a major financial impact and it plans to appeal further, believing it has a strong case on merits. The alleged violations relate to wrong availment of Input GST.
Key Highlights
- SGST appeals partly allowed for FY 18-19 and FY 20-21.
- Significant tax demands dropped, minimal amounts confirmed.
- Company believes orders have minor financial impact.
- JK Cement plans to file further appeals against the confirmed demands.
Price Impact
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