Shree Cement Receives GST Demand Order of ₹11.4 Crore
Shree Cement Limited has received a GST demand order from the Joint Commissioner, Central Tax & Central Excise, Belagavi, Karnataka. The order confirms a tax demand of ₹5,69,79,574/- along with a pena...
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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 received a gst demand order and penalty, which is a negative development. however, the company stated that it has no major financial impact and intends to appeal, mitigating the immediate negative sentiment.
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Shree Cement Receives GST Demand Order of ₹11.4 Crore
December 19, 2025, 12:13 PM
Shree Cement Limited has received a GST demand order from the Joint Commissioner, Central Tax & Central Excise, Belagavi, Karnataka. The order confirms a tax demand of ₹5,69,79,574/- along with a penalty of ₹5,69,79,574/-, totaling ₹11,39,59,148/-
The alleged violation pertains to the availment of ineligible input tax credit.
The company has stated that the order has no major financial impact. Shree Cement Limited intends to appeal the order under Section 107 of the Karnataka GST Act, with the appeal expected to be filed on or before March 19, 2026, within three months from the communication date of the order.
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