Shree Cement Appeal Dismissed by Hyderabad Tax Authority

Shree Cement Limited announced that the Joint Commissioner (Appeals), Hyderabad has dismissed an appeal filed against a demand order. The original demand order was passed by the Superintendent, Central Tax, Punjagutta, Hyderabad. The appeal dismissal upholds a tax demand of ₹9,88,093/- (with ₹4,830/- deposited) along with a penalty of ₹1,16,685/-. However, a separate tax demand of ₹37,083/- along with a penalty of ₹641/- was dropped. The company stated that the order has no major financial impact and plans to file an appeal before the GST Appellate Tribunal. The issue pertains to the wrong availment of Input Tax Credit (ITC).