UltraTech Cement has received an order from the Additional Commissioner, CGST & Central Excise, Ujjain. The order pertains to a demand for GST, interest, and penalty totaling ₹6,49,90,944 each, related to Stamp Duty and Registration Fees paid by the company. UltraTech is currently reviewing the order and will decide on its next steps. The company states that there is no material financial impact.
Order Received
UltraTech Cement has been issued an order by the Additional Commissioner, CGST & Central Excise, located in Ujjain. The official date of receipt for the order was November 4, 2025.
Financial Details of the Order
The order confirms a demand for GST amounting to ₹6,49,90,944. In addition to the GST demand, the order also includes an interest charge of ₹6,49,90,944, plus a penalty of ₹6,49,90,944.
Reason for the Order
The demand for GST arises from Reverse Charge Mechanism (RCM) implications on Stamp Duty and Registration Fees that UltraTech Cement paid for executing a lease deed. The company is currently assessing the order and determining its course of action.
Impact Assessment
UltraTech Cement has stated that there is no material financial impact expected on the company as a result of this order.
Source: BSE
