UltraTech Cement Receives GST Order Demands in Tamil Nadu

UltraTech Cement has received orders from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu, regarding alleged excess ITC availment. The orders include tax demands of Rs.10,68,37,871 for FY 2022-23 and Rs.4,57,53,137 for FY 2020-21, along with interest and penalties. The company will contest the demands and does not anticipate a material financial impact.

GST Order Details

UltraTech Cement has received orders from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu, related to Goods and Services Tax. The specific details involve alleged excess Input Tax Credit (ITC) availment in GST returns for specific financial years.

Financial Year 2022-23

For FY 2022-23, the order confirms a tax demand of Rs.10,68,37,871. It includes an interest of Rs.5,34,77,451 and a penalty of Rs.10,68,37,871. This order was received on January 29, 2026.

Financial Year 2020-21

For FY 2020-21, the order confirms a tax demand of Rs.4,57,53,137, with an interest of Rs.3,93,72,767 and a penalty of Rs.4,57,53,137. This order was also received on January 29, 2026.

Company Response

UltraTech Cement plans to contest these demands. The company does not expect these orders to have a material financial impact.

Source : https://www.investywise.com/ultratech-cement-receives-orders-regarding-gst/