Tax & Penalty8 Oct 2026, 07:10 pm
Mangalam Cement Faces ₹2.7 Cr Tax Demand for Wrongly Availed ITC
AI Summary
Mangalam Cement Ltd has received an order from the Deputy Commissioner, Central GST Division, Kota Rural, confirming a demand of ₹0.90 Crore (IGST) for wrongly availed Input Tax Credit (ITC). Additionally, penalties totaling ₹2.70 Crore have been imposed under various sections of the CGST Act, 2017. The company disputes the allegations, stating the ITC was availed on an invoice from a service provider. If the order is sustained, the total financial impact could be ₹2.70 Crore. Mangalam Cement is examining the order and plans to file an appeal within three months.
Key Highlights
- Received GST order for wrongly availed Input Tax Credit of ₹0.90 Crore.
- Penalties of ₹2.70 Crore imposed by GST authorities.
- Total potential financial impact estimated at ₹2.70 Crore.
- Company intends to appeal the order within three months.
Price Impact
More from MANGLMCEM