Shree Cement has received a demand order from the Excise & Taxation Officer, State Tax, Mohali, Ropar, Punjab on December 27, 2025. The order pertains to tax demand, interest, and penalties related to alleged incorrect availing of input tax credit. The company is planning to appeal the order by March 26, 2026, maintaining that it has no major financial impact.
Demand Order Details
Shree Cement received a demand order on December 27, 2025, issued by the Excise & Taxation Officer, State Tax, Mohali, Ropar, Punjab. This order relates to Goods and Services Tax (GST).
Financial Implications
The demand order includes a tax demand of Rs. 33,63,748, interest of Rs. 43,79,310, and a penalty of Rs. 3,36,374.
Company Response
Shree Cement intends to appeal the order, specifically under Section 107 of the Bihar GST Act. The appeal will be filed by March 26, 2026. The company stated it does not agree with the contentions and the order is not expected to have a major financial impact.
Alleged Violation
The demand order is based on the alleged wrong availment of Input Tax Credit.
Source: BSE
