Tax & Penalty29 Sept 2026, 07:10 pm
Saurashtra Cement Receives ₹3.83 Cr GST Show Cause Notice
AI Summary
Saurashtra Cement Ltd has received a show cause notice from the Deputy Commissioner of State Tax, Range-24, Jamnagar, under the CGST and GGST Acts, 2017. The notice pertains to alleged short payment of GST on B2C outward supplies, excess ITC availed on B2B inward supplies, and ineligible ITC for the period 2022-23. The total demand, including interest and penalty, amounts to ₹3,83,41,188. The company believes the demand is not maintainable and is evaluating the matter to submit a reply within the prescribed time. Saurashtra Cement does not anticipate any significant impact on its financial or operational activities.
Key Highlights
- Received show cause notice for GST non-compliance.
- Demand amounts to ₹3.83 crore including interest and penalty.
- Company disputes the demand and expects no material financial impact.
- Reply to be submitted within the stipulated time.
Price Impact
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