Shree Cement Ltd Receives GST Demand Order from Central Authorities
Shree Cement Limited received a service tax demand order from the Commissioner, Central GST & Central Excise, Jodhpur, on April 16, 2026. The order demands a significant payment coupled with applicable interest and an equivalent penalty.The action relates to allegations of non-payment of Service Tax. According to the company, while the order was received on April 16, 2026, the demand centers on the violation of Non-payment of Service Tax.
The details of the order and the involved authority are presented below:
| Particulars | Details |
|---|---|
| Name of the Authority | Commissioner, Central GST & Central Excise, Jodhpur |
| Order Details | Demand for service tax of Rs. 8,30,94,582/- along with applicable interest and equivalent penalty. |
| Date of Order | April 16, 2026 |
| Violation Alleged | Non-payment of Service Tax |
The company stated that the order does not have a major financial impact on Shree Cement Limited. Furthermore, the company indicated that it does not agree with the contentions imposing the demand and believes it possesses a strong case on merits. Consequently, Shree Cement Limited plans to file an appeal under Section 86 of the Finance Act, 1994, before the Tribunal on or before July 15, 2026.
SHREECEM Stock Price Movement
Today, SHREE CEMENT LIMITED shares edged higher, settling at ₹25,110 after posting a gain of 0.66%. The stock traded on a volume of 34,710 shares today, marking its movement within a range of ₹24,830 to ₹25,275.Source:
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