Shree Cement receives ₹1.38 Crore GST demand order, plans appeal
Shree Cement Limited has received a GST demand order from the Assistant Commissioner, Central Tax & Central Excise, Gulbarga Division, Karnataka. The order confirms a tax demand of ₹69,13,550 along wi...
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Why is SHREE CEMENT LIMITED in the news today?
SHREE CEMENT LIMITED (SHREECEM) is in the news due to the company has received a demand order for tax, interest, and penalty, which is a negative development.
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Shree Cement receives ₹1.38 Crore GST demand order, plans appeal
December 30, 2025, 10:19 AM
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Shree Cement Limited has received a GST demand order from the Assistant Commissioner, Central Tax & Central Excise, Gulbarga Division, Karnataka. The order confirms a tax demand of ₹69,13,550 along with applicable interest and an equivalent penalty of ₹69,13,550, totaling ₹1,38,27,100.
The company received this order on December 30, 2025. The alleged violation pertains to non-payment of GST.
Shree Cement has stated that the order has no major financial impact on the company. The company disagrees with the contentions and plans to file an appeal under Section 107 of the Karnataka GST Act. The appeal is expected to be filed on or before March 29, 2026, which is within the three-month period from the date of communication of the order.
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