UltraTech Cement gets relief in GST demand case
UltraTech Cement Limited today announced that an Order-in-Appeal passed by the Joint Commissioner (Appeals), GST & Central Excise, Rajkot, has set aside a GST demand of INR 14,63,754, along with interest and penalty. The demand was initially raised by the Superintendent, Rajula, Bhavnagar – 3, Amreli, Gujarat, in an order dated May 9, 2024. The appellate authority has remanded the matter for fresh adjudication under Section 73 of the CGST Act, 2017.
The original demand stemmed from alleged ineligible Input Tax Credit (ITC) availed and utilized on invoices issued by a vendor who reportedly did not file GSTR-3B and failed to pay tax to the government. UltraTech Cement confirmed that there is no material financial impact on the company from this development.
The company’s filing on August 28, 2025, to both the BSE and NSE, informed stakeholders of this update regarding the GST authority's order.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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