Dalmia Cement (Bharat) Limited (“DCBL”), a wholly-owned subsidiary of Dalmia Bharat, has had a proposed tax demand dropped related to GST for the assessment year 2019-20. The concerned Sales Tax Officer has withdrawn the notices, resulting in no financial impact for DCBL.
GST Demand Withdrawal
The Sales Tax Officer has dropped the proposed demand related to show cause notices issued under GST for the assessment year 2019-20. These notices were related to differences observed in taxable turnover.
Financial Details of Dropped Demand
The dropped demand includes:
- Tax of ₹53,34,98,210
- Penalty of ₹53,34,98,210
No Financial Impact
With the dropping of the tax demand and associated penalties, there will be no financial impact on Dalmia Cement (Bharat) Limited. The order was received on November 20, 2025.
Source: BSE