Shree Cement Limited Receives GST Demand Order for Service Tax
Shree Cement Limited has reported receiving a GST demand order from the Assistant Commissioner, Central GST & Central Excise, Pali. The order demands service tax along with applicable interest and an equivalent penalty, concerning allegations of non-payment of Service Tax.The company confirmed receipt of the order on May 11, 2026.
Details of the action, violation alleged, and the company’s current stance are as follows:
| Particulars | Details |
|---|---|
| Name of the Authority | Assistant Commissioner, Central GST & Central Excise, Pali |
| Nature of Action/Order | Order issued demanding service tax of Rs. 39,19,286/- along with applicable interest and equivalent penalty. |
| Date of Receipt of Order | May 11, 2026 |
| Alleged Violation | Non-payment of Service Tax |
| Financial Impact & Company Stance | The Company stated the order does not have major financial impact. The contentions imposing the demand are not agreed, and the Company believes it has a strong case on merits. Accordingly, an appeal under Section 85 of the Finance Act, 1994, shall be filed before the Commissioner (Appeals) within two months from the date of receipt of the order. |
SHREECEM Stock Price Movement
Shares of SHREE CEMENT LIMITED today slipped by 1.29% to close at ₹24,860, erasing ₹325.00 from its previous closing price. The equity recorded a total traded volume of 19,036 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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