ACC Limited has received orders under Section 73 of the CGST Act, 2017 and will contest them before the appropriate authorities. The orders include demands and penalties for alleged excess input tax credit. The company believes the orders are without merit and will pursue all available legal options to challenge them. The total amount of demands and penalties is significant, but the company anticipates no material financial impact.
Orders Received Under CGST Act
ACC Limited has received orders under Section 73 of the CGST Act, 2017. The company intends to contest these orders through appropriate legal channels within the stipulated timeframe.
Details of the Orders
The orders pertain to demands and penalties levied by tax authorities. Here is a summary of the key details:
Order 1: Ludhiana
Issued by the Joint Commissioner, Ludhiana, the order includes:
- Demand: Rs. 291,560,050
- Penalty: Rs. 29,15,605
- Total: Rs. 320,716,655
Order 2: Patna
Issued by the Deputy Commissioner of State Tax, Patna, the order includes:
- Demand: Rs. 2,080,237,766
- Interest: Rs. 1,404,160,040
- Penalty: Rs. 208,523,766
- Total: Rs. 3,692,921,82
Basis of the Orders
The orders relate to alleged excess input tax credit (ITC) availed. The alleged violations/contraventions include:
- Excess ITC availed under ISD mechanism.
- Verification of credit notes.
- Ineligible ITC.
- Supplies/Tax reduced through amendments.
Company’s Response
ACC Limited is taking appropriate steps to appeal against the orders. The company does not anticipate any material impact on its financial or operational activities as a result of these orders.
The orders were received on December 31, 2025.
Source: BSE
