Shree Cement Limited has disclosed receiving a GST demand order from the Deputy Commissioner, State Tax, Patna. The order confirms a tax demand of ₹4,60,69,188, along with interest of ₹2,93,98,454 and a penalty of ₹46,06,918. The company stated that this order has no major financial impact, as it disagrees with the contentions and plans to file an appeal.
Shree Cement Receives GST Demand Order
Shree Cement Limited has officially informed stakeholders about a significant Goods and Services Tax (GST) demand order issued by the Deputy Commissioner, State Tax, Patna. This disclosure, made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlights a substantial financial demand levied on the company.
Details of the Demand Order
The demand order, received on 5th November 2026, confirms a total tax demand amounting to ₹4,60,69,188. In addition to the principal tax amount, the order also includes interest charges totaling ₹2,93,98,454 and a penalty of ₹46,06,918. The alleged contravention leading to this demand is related to a valuation issue.
Company’s Stance and Future Actions
Shree Cement Limited has clarified that the order is not expected to have a major financial impact on its operations. The company states that it disagrees with the contentions made in the order. Consequently, Shree Cement plans to file an appeal under Section 107 of the Bihar GST Act. The appeal is to be filed on or before 5th February 2027, which falls within the stipulated three-month period from the date of the order’s communication.
Source: BSE
