ACC Limited Receives GST Orders Totaling ₹37 Crore; Plans to Contest
ACC Limited has announced receiving orders under Section 73 of the CGST Act, 2017, from tax authorities. The company intends to contest these orders, which impose demands, penalties, and interest. On...
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Why is ACC Limited in the news today?
ACC Limited (ACC) is in the news due to the company has received tax orders imposing significant demands, penalties, and interest. while the company plans to contest these orders and does not foresee a material impact, the receipt of such orders is not inherently positive or negative.
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ACC Limited Receives GST Orders Totaling ₹37 Crore; Plans to Contest
December 31, 2025, 12:21 PM
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ACC Limited has announced receiving orders under Section 73 of the CGST Act, 2017, from tax authorities. The company intends to contest these orders, which impose demands, penalties, and interest.
One order from the Joint Commissioner, Ludhiana, Punjab, pertains to excess Input Tax Credit (ITC) availed. This order includes a demand of ₹2,91,56,050, a penalty of ₹29,15,605, and applicable interest, totaling ₹3,20,71,655.
The second order, from the Deputy Commissioner of State Tax Special Circle, Patna, also relates to excess ITC availed under the ISD mechanism, verification of credit notes, ineligible ITC, and supplies/tax reduced through amendments. This order imposes a demand of ₹20,80,23,766, interest of ₹14,04,16,040, and a penalty of ₹2,08,52,376, bringing the total to ₹36,92,92,182.
ACC Limited has stated that it is taking appropriate steps to appeal these orders before the appropriate authorities within the prescribed timeline. The company does not foresee any material impact on its financial, operational, or other activities as a result of these orders. The company will also make these intimations available on its website.
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