Shree Cement Limited has announced the dismissal of an appeal concerning a tax demand order. The Deputy Commissioner (Appeals), Punjab, upheld the dismissal of an appeal filed against a demand order issued by the State Tax Officer, Mohali. The original order involved a tax demand of ₹46,12,542, plus interest of ₹47,47,253, and a penalty of ₹4,61,255. The company stated this dismissal has no major financial impact.
Tax Dispute Resolution
Shree Cement Limited has received a favorable outcome in a tax-related matter. The Deputy Commissioner (Appeals), Punjab, has dismissed an appeal previously filed against an order issued by the State Tax Officer in Mohali, Punjab. This decision pertains to a tax demand that included a principal amount, interest, and penalty.
Details of the Order
The original demand order from the State Tax Officer, Mohali, Punjab, stipulated a tax demand of ₹46,12,542. This was further compounded by an interest component of ₹47,47,253 and a penalty of ₹4,61,255. The company’s appeal against this comprehensive demand has now been dismissed by the appellate authority.
Financial Impact and Next Steps
Shree Cement Limited has clarified that this development has no major financial impact on the company. The Authority, in its decision, did not fully consider the facts and arguments presented by the company. Consequently, Shree Cement plans to file a rectification application before the First Appellate Authority, and potentially an appeal before the GST Appellate Tribunal, within the prescribed timelines under the CGST Act, 2017.
The disclosure was made on November 13, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
