DCM Shriram Limited has received a GST demand order from the Assistant Commissioner of CGST, Kota, Rajasthan. The order disallows Input Tax Credit (ITC) on certain services for the period FY 2018-19 to FY 2022-23. The demand includes a tax amount of ₹85.80 lakhs, along with applicable interest and an equivalent penalty of ₹85.80 lakhs. The authority's contention is that services, specifically cargo handling and related services for coal purchase, were not actually received, despite the company providing supporting documentation. The company was informed of the order on December 23rd, 2025, around 11:50 a.m., though the order itself was received by the company on December 22nd, 2025, at 3:38 p.m. DCM Shriram Limited plans to explore appellate remedies to contest this demand. The total quantifiable impact amounts to ₹1.71 crore (₹85.80 lakhs tax + ₹85.80 lakhs penalty), with no other material financial, operational, or other impact expected on the company.