JSW Cement to Appeal Order Regarding ITC Disallowance and Penalty
JSW Cement Ltd. announced on March 27, 2026, that it received an order from the Additional Commissioner, CGST & C.X. Haldia Commissionerate. The order pertains to the disallowance of Input Tax Credit (ITC) and imposition of a penalty.According to the order dated March 27, 2026, JSW Cement is facing a disallowance of ITC amounting to ₹6,88,81,340 and an associated penalty of ₹6,88,81,340. The authority cited provisions of section 74, alleging suppression of facts, and violations of section 16 conditions, resulting in ineligible ITC.
The company believes the order is incorrect and did not adequately consider the company's contentions. JSW Cement intends to file an appeal with the appropriate authority. The company states that the financial impact of the order is limited to the demand and penalty imposed, with no material impact on overall operations.
Details of the order are as follows:
| Sr. No. | Particulars | Details Pertaining to the Order |
|---|---|---|
| 1 | Name of the authority | Additional Commissioner, CGST & C.X. Haldia Commissionerate, West Bengal |
| 2 | Nature of action | Order dated March 27, 2026, disallowing ITC of ₹6,88,81,340 and imposing a penalty of ₹6,88,81,340 |
| 3 | Date of receipt | March 27, 2026 |
| 4 | Details of violation | Alleged suppression of facts and violation of section 16 conditions leading to wrong availment of ITC |
| 5 | Financial impact | Demand and penalty amount, no material impact on company operations |
The information has also been made available on the company's website at www.jswcement.in.
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