India Cements receives GST orders totaling ₹57.96 Crore
The India Cements Limited has received orders from GST authorities in Chennai, Vijayawada, and Hyderabad, dated December 30, 2025. These orders confirm demands for GST, interest, penalties, and late f...
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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 orders from gst authorities imposing demands for tax, interest, and penalties. while the company plans to contest these orders and does not expect a material impact, the existence of these demands and potential litigation introduces a degree of uncertainty.
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India Cements receives GST orders totaling ₹57.96 Crore
December 31, 2025, 01:08 PM
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The India Cements Limited has received orders from GST authorities in Chennai, Vijayawada, and Hyderabad, dated December 30, 2025. These orders confirm demands for GST, interest, penalties, and late fees.
In Chennai, the State Tax Officer confirmed a demand of ₹54,99,013 in GST, ₹42,08,779 in interest, ₹5,49,902 in penalty, and ₹1,150 in late fee. This order pertains to alleged claims of excess Input Tax Credit for the financial year 2021-22, without due consideration of the company's submissions.
The Deputy Commissioner (ST) in Vijayawada passed an order confirming a demand of ₹32,66,23,411 in GST, ₹21,72,89,579 in interest, and applicable penalties. The alleged violations include short payment/non-payment of tax and claims of excess Input Tax Credit for FY 2021-22.
Additionally, the Joint Commissioner, Customs and Central Tax in Hyderabad issued an order confirming demands of ₹2,22,86,214, applicable interest, a penalty of ₹22,70,316, and a late fee of ₹37,350. These relate to alleged short payment of tax, Input Tax Credit mismatch, and claims of excess Input Tax Credit for FY 2021-22.
The company is reviewing these orders and considering all legal options to contest the demands. India Cements does not expect any material financial or operational impact from these orders.
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