JK Cement Subsidiary Receives GST Order Re: Demand Against Former Acro Paints Entity
JK Maxx Paints Limited, a wholly owned subsidiary of J.K.Cement Limited, has received an order from the Additional Commissioner of State Tax in Patna regarding a Goods and Services Tax (GST) demand issued against M/s Acro Paints Ltd (which has since been amalgamated with JK Maxx Paints Ltd).The official communication detailing the GST dispute was received by the company on June 27, 2026. The order from the Additional Commissioner of State Tax in Patna addresses allegations related to the wrong availment of Input GST that did not match GSTR 2B/2A records.
The tax order issued included a directive concerning two distinct amounts: a demand was dropped, and another amount was confirmed along with associated interest and penalty.
Details of the action taken by the authorities are summarized below:
| Particulars | Details |
|---|---|
| Authority | Additional Commissioner, State Tax, Patna (Bihar) |
| Nature of Action | Order regarding GST Demand |
| Date of Receipt | June 27, 2026 |
| Violation Alleged | Wrong availment of Input GST as not matched with GSTR 2B/2A |
| Tax Demand Outcome | |
| Amount Dropped | Rs 3,332,100/- |
| Confirmed Demand | Rs 49,512/- |
| Penalty Imposed | Rs 20,000/- |
The company has stated that the order does not pose a major financial impact on J.K.Cement Limited. However, the entity contests the allegations imposing the demand and believes it possesses a strong case on merits. Accordingly, the subsidiary intends to file an appeal before the GSTAT within three months from the date of receiving the order.
JKCEMENT Stock Price Movement
On Thursday, shares of JK Cement Limited edged higher after the close, gaining 0.76% to settle at ₹5577. The stock recorded a volume of 44,689 shares during the session.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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