Cemindia Projects Limited Receives GST Demand Order Over ITC Mismatch for FY 2020-21
Cemindia Projects Limited, formerly known as ITD Cementation India Limited, has received a demand order from the Assistant Commissioner in Ahmedabad regarding tax liability arising from Input Tax Credit (ITC) claimed during the financial year 2020-21. The company intends to appeal the order and stated that it does not anticipate any material financial impact resulting from the determination.The order was issued by the Assistant Commissioner, Ghatak 1, Division -1, Range -1, Ahmedabad, Gujarat, under Section 74 of the Central Goods and Services Tax Act, 2017. The demand relates to a mismatch between the ITC claimed in GSTR3B and the amount reflected on the GST portal for FY 2020-21.
The company received the order dated August 7, 2026, at approximately 6:30 p.m.
Order Details and Financial Implication
Details provided indicate that the demand involves payment of tax amounting to Rs. 1,24,37,130/- and includes a penalty amount of Rs. 124,37,130/-, concerning the GST liability due to the ITC mismatch.The financial breakdown related to this matter is as follows:
| Financial Element | Amount |
|---|---|
| Total Tax Liability | Rs. 1,24,37,130/- |
| Penalty Imposed | Rs. 124,37,130/- |
| Authority Issuing Order | Assistant Commissioner, Ahmedabad, Gujarat |
In response to the order, Cemindia Projects Limited plans to file an appeal against the directive. The company has stated that it does not anticipate any material financial impact arising from this specific matter.
CEMPRO Stock Price Movement
Cemindia Projects Limited shares slipped on Friday, closing at ₹1,208.10 after shedding 3.19% from the previous close. The stock settled at this level amidst trading volume of 838,985 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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