JSW Cement Receives ₹81 Cr GST Show Cause Notice
JSW Cement Ltd has disclosed receiving a Show Cause Notice from the Office of the Additional Commissioner, Central Tax (Audit), Guntur, dated August 20, 2026. The notice pertains to alleged contraventions of GST laws for the fiscal years 2020-21 to 2022-23. Key allegations include irregular reduction of taxable value, incorrect classification, wrong tax rate adoption, failure to furnish proof of supply for SEZ units, wrong availment of Input Tax Credit (ITC), and non-payment of interest on net cash liability. The proposed demand amounts to ₹81,03,42,387/- in GST, plus applicable interest and penalty. The company is in the process of filing a reply and states there is no material impact on its operations despite the significant demand.
Key Highlights
- JSW Cement received a Show Cause Notice for GST non-compliance.
- Proposed GST demand totals ₹81.03 crore, plus interest and penalty.
- Allegations include incorrect ITC, tax valuation, and classification.
- Company is preparing a reply and expects no material financial impact.
Price Impact
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