JK Cement Limited Receives GST Demand Order from Ahmedabad Authorities
JK Cement Limited has received a GST demand order from the Deputy Commissioner of State Tax, Ahmedabad, concerning the wrong availment of Input GST.The Company confirmed the receipt of the order dated May 16, 2026, and reported that the formal directive was received on May 17, 2026.
According to details provided, the action was initiated by the Deputy Commissioner, State Tax, Ahmedabad (Gujarat). The primary violation alleged by the authority relates to the wrong availment of Input GST from taxpayers who are stated to be non-existent.
The order issued a demand for Rs 8,02,113/- along with associated applicable interest and penalty.
A summary of the key details regarding the tax matter is provided below:
| Particulars | Details |
|---|---|
| Name of Authority | Deputy Commissioner, State Tax, Ahmedabad (Gujarat) |
| Demand Details | GST of Rs 8,02,113/- plus applicable interest and equivalent penalty |
| Date of Order | May 16, 2026 |
| Date of Receipt | May 17, 2026 |
| Alleged Contravention | Wrong availment of Input GST from non-existent Taxpayers |
JK Cement Limited noted that the Company does not agree with the contentions imposing the demand. The Company stated that the order does not have a major financial impact on its operations. Furthermore, the Company announced its intention to file an Appeal before the Commissioner (Appeals) within two months from the date of receiving the order.
JKCEMENT Stock Price Movement
Today, JK Cement Limited shares slipped by 1.50% to settle at ₹5413.5. The stock saw a total traded volume of 32,336 shares as trading closed today.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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