UltraTech Cement has received orders from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu. One order drops a tax demand of ₹1,33,47,82,240, interest of ₹89,98,02,762, and a penalty of ₹13,34,23,583, but upholds a penalty of ₹54,641. The second order drops a tax demand of ₹24,85,28,837 and interest of ₹16,12,64,537, with partial amounts upheld.
Details of GST Orders Received
UltraTech Cement has been notified of specific orders regarding Goods and Services Tax (GST) from the Assistant Commissioner in Trichy, Tamil Nadu. The orders address multiple aspects related to tax demand, interest, and penalties.
Key Outcomes from Order 1
The primary highlight includes the dropped tax demand of ₹1,33,47,82,240, alongside associated interest amounting to ₹89,98,02,762, and a penalty of ₹13,34,23,583. However, a penalty of ₹54,641 has been upheld and will be payable. This order relates to matters involving the alleged delayed payment of tax and interest.
Key Outcomes from Order 2
Another order resulted in the dropping of a tax demand of ₹24,85,28,837, coupled with an interest amount of ₹16,12,64,537 and a penalty of ₹2,48,52,884. However, a portion of the tax amounting to ₹18,48,026, interest of ₹12,26,684, and a penalty of ₹1,84,802 has been upheld. This relates to matters regarding default by suppliers in payment and deposit of GST.
Impact and Next Steps
The company will contest the remaining demand and anticipates no material financial impact. The date of receipt for both directives is December 27th, 2025.
Source: BSE
