HeidelbergCement India Receives Order from GST Authority
HeidelbergCement India Ltd. announced on March 29, 2026, that it received an order from the Assistant Commissioner, CGST Division Damoh, identified as Order No. GSTDRC-76/AC/DRC-07/DAMOH/25-26 dated March 28, 2026.The order, issued under Sections 74, 122 (2) (b), and 50 of the IGST Act, 2017, along with corresponding provisions of the MPGST Act, 2017, pertains to the levy of Integrated Goods and Services Tax (IGST) amounting to Rs. 140,68,285, along with a penalty of Rs. 140,68,285, and applicable interest.
According to the company, the order is not expected to have a material impact on its financial performance or operations. HeidelbergCement India is currently reviewing the order and intends to pursue legal options to contest the assessment.
| Particulars | Details of order |
|---|---|
| Name of the authority | The Assistant Commissioner, CGST Division Damoh ('the GSTAuthority'). |
| Date of receipt of direction or order | March 28, 2026, at 7:20 P.M. |
| Details of the violation(s)/contravention(s) committed or alleged to be committed; | Order passed for levy of IGST amounting Rs. 140,68,285/- along with penalty of Rs. 140,68,285/- and applicable interest thereon. |
| Impact on financial, operation or other activities of the listed entity | The same neither have any material impact on the financials of the Company nor have any impact on operational or other activity of the Company. The Company is reviewing the Order, considering all legal options, and accordingly would be contesting the order. |
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