UltraTech Cement has received an order from the State Tax Officer in Gujarat. The company is currently reviewing the details of the order to determine its next course of action. The order pertains to a demand for GST related to Input Tax Credit claimed from a vendor whose registration was canceled. The company reports that there is no material financial impact.
Gujarat Tax Order Received
UltraTech Cement has confirmed receipt of an order from the State Tax Officer in Gujarat, as announced on December 17, 2025. The company is currently evaluating the specifics of the order.
Details of the Tax Order
The order confirms a demand for GST of Rs. 25,87,550, along with interest of Rs. 19,62,568 and a penalty of Rs. 25,87,550. The demand is related to Input Tax Credit (ITC) claims made from a vendor whose registration has been canceled.
Financial Impact Assessment
UltraTech Cement has stated that there is no material financial impact on the company as a result of this order. The company is reviewing the order and will decide on further actions.
Source: BSE