UltraTech Cement Receives Order from GST Authority
UltraTech Cement Limited announced that it received an order from the Additional Commissioner, Central Goods and Services Tax, Dehradun, Uttarakhand on March 31, 2026.The order confirms a tax demand of Rs. 53,81,19,148 plus applicable interest, along with a penalty of Rs. 53,81,19,148. The order relates to a matter involving alleged differential tax liability and non-reversal of Input Tax Credit (ITC) pertaining to fiscal years 2019-20 to 2023-24.
According to the company, it intends to contest the demand and anticipates that the order will not have a material financial impact on its operations.
Below is a summary of the order details:
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the Authority | Additional Commissioner, Central Goods and Services Tax, Dehradun, Uttarakhand |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed by the authority | Order in Original passed confirming a tax demand of Rs.53,81,19,148 plus applicable interest and a penalty of Rs. 53,81,19,148. |
| 3 | Date and Time of receipt of direction or order | March 31, 2026 |
| 4 | Details of the violation(s) / contravention(s) committed or alleged to be committed | An Order has been passed in matter involving alleged differential tax liability and non-reversal of ITC pertaining to FY 2019-20 to FY 2023-24. |
| 5 | Impact on financial, operation or other activities of the listed entity | The Company expects the said Order to not have any material financial impact and would be contesting the demand. |
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