Ambuja Cements Receives GST Demand Order of Rs. 19,29,92,594 from Nagpur Authority
Ambuja Cements Limited received a demand order from the Superintendent (ADJ.) CGST and CX Nagpur-I concerning the Goods and Services Tax Act, 2017. The order, which includes penalty and interest, totals Rs. 19,29,92,594/-.The demand pertains to alleged violations by the department, specifically excess availment of ineligible Input Tax Credit (ITC) due to GSTR 2B mismatches and delayed payment of GST under reverse charge on mining royalty for the Financial Years 2019-20 through 2022-23.
The Company received this order on April 10, 2026.
In response to the order, Ambuja Cements Limited stated it is currently taking appropriate steps to file an appeal before the competent authority.
Regarding the impact of the demand, the Company noted that while an order was passed, it does not foresee any material impact on its financial, operational, or other activities.
The details of the action taken are presented below:
| Particulars | Details |
|---|---|
| Authority | Superintendent (ADJ.) CGST and CX Nagpur-I |
| Nature and details of the order | Order under Section 74 of the GST Act, 2017 of Rs.19,29,92,594/- (including interest and penalty) |
| Date of Order Receipt | April 10, 2026 |
| Alleged Violation | Excess availment of ineligible ITC due to GSTR 2B mismatches, and delayed payment of GST under reverse charge on mining royalty for FY 2019-20 to 2022-23. |
| Anticipated Impact | The Company is in process of taking appropriate steps to file an appeal. The Company does not foresee any material impact on financial, operational or other activities. |
AMBUJACEM Stock Price Movement
On Friday, Ambuja Cements Limited shares rallied, closing at ₹445.20 after gaining 2.75% on the session. The equity saw strong conviction from investors, executing a total volume of 3.58 million shares throughout the day.Source:
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