Tax & Penalty24 Sept 2026, 10:04 pm
JSW Cement Faces ₹229.85 Cr GST Demand Notice
AI Summary
JSW Cement Ltd has received a Show Cause Notice from the Additional Commissioner of Central Tax, Belagavi Audit Commissionerate, proposing a GST demand of ₹229.85 crore for the period April 2022 to March 2024. The demand is related to alleged short payment of GST due to incorrect classification. The notice also includes proposals for applicable interest and a 10% penalty. While the company is preparing a reply, it states there is no material impact on its operations. The company is also uploading this information on its website.
Key Highlights
- JSW Cement received a GST demand notice for ₹229.85 crore.
- The notice alleges short payment of GST due to incorrect classification.
- Interest and 10% penalty are also proposed by the tax department.
- The company is preparing a reply and states no material financial impact.
- The period under review is April 2022 to March 2024.
Price Impact
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