Dalmia Bharat announces that a ₹266.3 crore GST demand, initially levied on its wholly-owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has been dropped. The demand related to show-cause notices under the Central GST and Tamil Nadu GST Acts for assessment years 2019-20 and 2022-23. The concerned authority waived the tax and penalty, resulting in no financial impact on DCBL.
GST Relief for Dalmia Cement
Dalmia Bharat clarifies media reports regarding alleged GST notices issued to Dalmia Cement (Bharat) Limited (DCBL). The company confirms that the ₹266.3 crore GST demand has been dropped. This announcement was made on November 30, 2025, addressing inaccuracies circulating in various media outlets.
Breakdown of the Dropped Demand
The original GST demand comprised amounts related to assessment years 2019-20 and 2022-23. Specifically, the demand was split into the following:
- 2019-20 (SCN-1): Tax of ₹128.39 crore and a penalty of ₹19.25 crore.
- 2022-23 (SCN-2): Tax of ₹59.32 crore and a penalty of ₹59.32 crore.
- Total: ₹187.72 crore (Tax) and ₹78.58 crore (Penalty)
Impact on Dalmia Cement (Bharat) Limited
Following adjudication, the concerned authority waived the entire demand, including both tax and penalty components. Consequently, the company states that there is absolutely no financial impact on DCBL. The order was received on November 28, 2025. The company requests stakeholders to rely solely on official communications filed with stock exchanges.
Source: BSE