India Cements Receives GST Order Demanding ₹6.42 Cr Plus Penalty
The India Cements Limited has received an Order dated 30th December 2025 from the Joint Commissioner of GST & Central Excise, Chennai South Commissionerate. The order confirms demands amounting to ₹6,...
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Why is The India Cements Limited in the news today?
The India Cements Limited (INDIACEM) is in the news due to the company has received an order from the gst authority demanding a significant amount as back taxes, interest, and penalty, which is a negative development.
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India Cements Receives GST Order Demanding ₹6.42 Cr Plus Penalty
December 30, 2025, 01:09 PM
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More Details on This News
The India Cements Limited has received an Order dated 30th December 2025 from the Joint Commissioner of GST & Central Excise, Chennai South Commissionerate. The order confirms demands amounting to ₹6,41,95,069 along with applicable interest and a penalty of ₹64,19,507.
This order has been passed on account of alleged Input Tax Credit mismatch, reversal of Input Tax Credit on exempted turnover, and other related issues for the financial year 2021-22. The company states that the order was issued without due consideration of its submissions.
The company is currently reviewing the order and considering all legal options. India Cements intends to contest the demands and does not anticipate any material financial or operational impact on the company as a result of this order.
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