UltraTech Cement has received orders from the Superintendent, Central Goods and Services Tax, Bhiwani, Haryana. The orders pertain to penalties and tax demands related to supplies to a GST registered customer later deemed non-existent and input tax credit availed from vendors with cancelled registrations. The company is contesting the demands and doesn’t anticipate a material financial impact.
Details of GST Orders Received
UltraTech Cement has received official orders from the Superintendent, Central Goods and Services Tax, located in Bhiwani, Haryana, as of December 31st, 2025. These orders relate to two separate issues identified by the tax authority.
Order Details: Penalty Confirmation
One order confirms a penalty of Rs. 13,04,810. This penalty is linked to supplies made to a customer registered under GST, who was subsequently deemed non-existent by the GST Department.
Order Details: Tax Demand & Penalties
The second order confirms a tax demand of Rs. 17,20,875, along with applicable interest and a penalty of Rs. 17,20,875. This demand arises from input tax credit (ITC) claimed on supplies from vendors whose GST registrations were retrospectively cancelled and who allegedly did not file their GSTR-3B returns.
Company Response and Impact
UltraTech Cement intends to contest both orders. The company currently does not expect these orders to have a material financial impact on its operations.
Source: BSE
