ACC Limited Receives Order Under CGST/KSGST Act, 2017
ACC Limited received an Order under Section 74 of the CGST/KSGST Act, 2017, amounting to Rs. 59,80,58,854/- (including interest and penalty). The company stated that it will contest these orders before the appropriate authorities within the prescribed timeline.The order was received on April 10, 2026, from the Joint Commissioner Taxpayer Services Circle, Thalassery: Kannur: Kerala.
Details concerning the action taken by the authority indicate the allegation of excess availment of ITC in GSTR 3B vis à vis GSTR 2A, irregular deduction of post supply discounts, availment of blocked ITC under Section 17(5) of the CGST Act, 2017, and failure to reverse ITC on goods lost where insurance compensation was received.
In a statement regarding the impact, the Company noted that it is taking appropriate steps to appeal against the demand imposed by the Order. The Company also stated that it does not foresee any material impact on its financial, operational, or other activities.
The details of the action taken are summarized below:
| Sr. No. | Particulars | Description |
|---|---|---|
| Name of the Authority | Joint Commissioner Taxpayer Services Circle, Thalassery: Kannur: Kerala | N/A |
| Nature and details of the action(s) taken or order(s) passed by the authority. | Order under Section 74 of the CGST/KSGST Act, 2017 of Rs. 59,80,58,854/- (including interest and penalty). | N/A |
| Date and time of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority; | April 10, 2026 | N/A |
| Details of the violation(s)/contravention(s) committed or alleged to be committed. | The department has issued the order alleging excess availment of ITC in GSTR 3B vis à vis GSTR 2A, irregular deduction of post supply discounts, availment of blocked ITC under Section 17(5) of the CGST Act, 2017, and non- reversal of ITC on goods lost where insurance compensation was received. | N/A |
| Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | The Company is taking appropriate steps to appeal against the above Order imposing the demand. The Company does not foresee any material impact on financial or operational or other activities of the Company. | N/A |
ACC Stock Price Movement
On Friday, ACC Limited shares edged higher to close at ₹1424.6, marking a 2.26% gain for the session. The stock settled amid positive momentum, as trading volumes reached 186,253 shares on the day.Source:
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