Dalmia Bharat Subsidiary Receives Tax Orders, Plans Appeal
Dalmia Bharat Limited announced that its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has received two orders related to Input Tax Credit (ITC) disallowance for the fiscal year 2019-20.The first order, issued by the Jt. Commissioner, Corporate Circle, Varanasi II, Mirzapur, Uttar Pradesh, imposes a tax demand of Rs. 21,74,976 along with interest and a penalty of Rs. 21,74,976. The second order, from the Assistant Commissioner of CGST & CX, Division-II Bokaro, Jharkhand, involves a tax demand of Rs. 1,26,94,260 along with interest and a penalty of Rs. 1,26,94,260.
DCBL intends to contest the orders and will file an appeal with the Appellate Authorities within the prescribed timelines. The company stated that the orders are not expected to have a major financial impact and it has grounds to defend the matter.
| Particulars | Details |
|---|---|
| Name of the authority (Varanasi Order) | Jt. Commissioner, Corporate Circle, Varanasi II, Mirzapur, Uttar Pradesh |
| Tax Demand (Varanasi Order) | Rs. 21,74,976 |
| Penalty (Varanasi Order) | Rs. 21,74,976 |
| Name of the authority (Bokaro Order) | Assistant Commissioner of CGST & CX, Division-II Bokaro, Jharkhand |
| Tax Demand (Bokaro Order) | Rs. 1,26,94,260 |
| Penalty (Bokaro Order) | Rs. 1,26,94,260 |
The orders were received on March 26, 2026.
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