UltraTech Cement has received orders from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu, regarding alleged excess ITC availment. The orders include tax demands of ₹10,68,37,871 for FY 2022-23 and ₹4,57,53,137 for FY 2020-21, along with interest and penalties. The company will contest the demands and does not anticipate a material financial impact.
GST Order Details
UltraTech Cement has received orders from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu, related to Goods and Services Tax. The specific details involve alleged excess Input Tax Credit (ITC) availment in GST returns for specific financial years.
Financial Year 2022-23
For FY 2022-23, the order confirms a tax demand of ₹10,68,37,871. It includes an interest of ₹5,34,77,451 and a penalty of ₹10,68,37,871. This order was received on January 29, 2026.
Financial Year 2020-21
For FY 2020-21, the order confirms a tax demand of ₹4,57,53,137, with an interest of ₹3,93,72,767 and a penalty of ₹4,57,53,137. This order was also received on January 29, 2026.
Company Response
UltraTech Cement plans to contest these demands. The company does not expect these orders to have a material financial impact.
Source: BSE
