JSW Cement Faces ₹13.9 Cr GST Demand Notice

JSW Cement Ltd has received a Show Cause Notice from the Joint Commissioner, Haldia CGST & CX Commissionerate, alleging wrongful availment of excess Input Tax Credit (ITC) of ₹13,90,55,461/- for FY 2020-21. The notice, issued under Section 74 of the CGST Act, 2017, claims discrepancies in GSTR-3B, GSTR-9, and GSTR-2A data. The company's defense regarding import IGST reporting has been rejected. The notice proposes recovery of the alleged excess credit along with interest and penalty. JSW Cement is preparing a reply and states there is no material impact on the company despite the demand.