UltraTech Cement Limited disclosed receiving an Order in Original from the Assistant Commissioner, Central Goods and Services Tax, Kerala, on March 25, 2026. The order confirms a tax demand of ₹25,73,591 and an equivalent penalty of ₹25,73,591. The dispute relates to the alleged irregular availment of Input Tax Credit (ITC) on blocked credit for the financial years FY2019-20 to FY2022-23. The company plans to contest the demand, stating it expects no material financial impact.
Disclosure of Regulatory Order Received
UltraTech Cement Limited has formally informed the stock exchanges regarding the receipt of an official Order from the Assistant Commissioner, Central Goods and Services Tax, in Kerala. This notification was issued in compliance with applicable listing regulations on March 26, 2026.
Details of the GST Authority Order
The documentation attached as Annexure A outlines the key details of the action taken by the GST Authority. The Order in Original mandates the following:
- Tax Demand: A confirmed tax demand amounting to Rs. 25,73,591.
- Penalty Imposed: An additional penalty totaling Rs. 25,73,591.
- Date of Receipt: The communication from the authority was received on March 25, 2026.
Basis of Allegation
The order was passed concerning alleged irregularities in the availment of Input Tax Credit (ITC) specifically pertaining to blocked credit during the period spanning FY2019-20 to FY2022-23.
Company Response and Financial Impact Assessment
UltraTech Cement Limited has clearly stated its intended course of action regarding this financial demand. The Company confirms that it would be contesting the demand through appropriate legal channels. Furthermore, management assessment indicates that the said Order is not expected to have any material financial impact on the operations or finances of the listed entity, even to the extent quantifiable at this stage.
Source: BSE
