Tax & Penalty19 May 2026, 03:02 pm
JSW Cement: Faces ₹7.56 Cr GST Demand Notice
AI Summary
JSW Cement Ltd received a Demand-cum-Show Cause Notice from the Additional Commissioner Central Tax (Audit), Patna, on May 15, 2026, regarding alleged non-compliance with GST regulations. The notice proposes a GST demand of approximately ₹7,55,84,148 related to issues such as credit notes, unreconciled tax liability, deemed supply, trade discount, excess ITC availed, and delays in filing GSTR 3B. JSW Cement is in the process of filing a reply to the notice.
Key Highlights
- JSW Cement received a GST demand notice of approximately ₹7.56 Cr.
- The notice was issued by the Additional Commissioner Central Tax (Audit), Patna.
- The demand relates to discrepancies in GST filings from FY 2020-21 to 2022-23.
- Issues include credit notes, unreconciled tax, deemed supply, and excess ITC.
- JSW Cement is preparing a response to the demand notice.
Price Impact
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