Shree Cement has received a GST demand order from the Assistant Commissioner, Central Tax & Central Excise, Gulbarga Division, Karnataka, confirming a tax demand of ₹69,13,550 along with applicable interest and an equivalent penalty of ₹69,13,550. The company plans to appeal the order by March 29, 2026. According to Shree Cement, the order is not expected to have a major financial impact.
GST Demand Order Received
Shree Cement officially announced the receipt of a GST demand order on December 30, 2025. The order originates from the Assistant Commissioner, Central Tax & Central Excise, Gulbarga Division, Karnataka.
Financial Impact and Planned Appeal
The order confirms a tax demand of ₹69,13,550, with an additional equivalent penalty of ₹69,13,550. Shree Cement plans to file an appeal under Section 107 of the Karnataka GST Act. The appeal will be filed on or before March 29, 2026, within three months from the date of communication of the order.
The company stated that the order is not expected to have a major financial impact on its operations.
Source: BSE
