UltraTech Cement Receives Order from GST Authority
UltraTech Cement Limited announced it received an order from the Assistant Commissioner, Central Goods and Services Tax, Kerala, on March 25, 2026. The order confirms a tax demand of 25,73,591 Indian Rupees and a penalty of 25,73,591 Indian Rupees.The order pertains to a matter involving alleged irregular availment of Input Tax Credit (ITC) on blocked credit relating to fiscal years 2019-20 to 2022-23.
According to the company, it intends to contest the demand and does not anticipate a material financial impact from the order.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the Authority | Assistant Commissioner, Central Goods and Services Tax, Kerala. |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed by the authority | Order in Original confirming a tax demand of Rs. 25,73,591 and penalty of Rs. 25,73,591. |
| 3 | Date and Time of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority | 25 th March, 2026 |
| 4 | Details of the violation(s) / contravention(s) committed or alleged to be committed | An Order has been passed in matter involving alleged irregular availment of ITC on blocked credit pertaining to FY2019-20 to FY2022-23. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | The Company would be contesting the demand and does not expect the said Order to have any material financial impact on the Company. |
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