Shree Cement has received a GST demand order from the Deputy Commissioner, State Tax, Special Circle, Patna, Bihar. The order confirms a tax demand of ₹14,93,09,708, along with interest of ₹9,18,25,472 and a penalty of ₹1,49,30,971. Shree Cement intends to file an appeal against the order by March 25, 2026.
GST Demand Details
Shree Cement received a GST demand order on December 26, 2025, from the Deputy Commissioner, State Tax, Special Circle, Patna, Bihar. The demand totals ₹25,60,66,151, including tax, interest, and penalty.
Breakdown of Demand
The GST demand includes:
- Tax Demand: ₹14,93,09,708
- Interest: ₹9,18,25,472
- Penalty: ₹1,49,30,971
Company Response
Shree Cement does not agree with the demand order. The company plans to file an appeal u/s 107 of the Bihar GST Act on or before March 25, 2026. The company believes that this order will not have a major financial impact.
Reasons for Demand
The GST demand is based on valuation issues and excess ITC (Input Tax Credit) availed.
Source: BSE
