UltraTech Cement Receives ₹390.96 Crore GST Demand Order
UltraTech Cement Limited has received an Order from the Joint Commissioner, Central Goods and Services Tax & Central Excise, Patna. The order upholds a tax liability of ₹390.96 crore, plus applicable ...
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Why is UltraTech Cement Limited in the news today?
UltraTech Cement Limited (ULTRACEMCO) is in the news due to the company has received a significant demand order from the gst authority, which includes a substantial tax liability, interest, and penalty.
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UltraTech Cement Receives ₹390.96 Crore GST Demand Order
December 20, 2025, 07:37 AM
UltraTech Cement Limited has received an Order from the Joint Commissioner, Central Goods and Services Tax & Central Excise, Patna. The order upholds a tax liability of ₹390.96 crore, plus applicable interest on the tax demand, an additional interest of ₹27.69 lakh, and a penalty of ₹390.96 crore.
The order was passed in various matters concerning alleged short payment of GST and improper utilization of Input Tax Credit during the period 2018-19 to 2022-23, without due consideration of the company's submissions.
The company received the order on December 19, 2025. UltraTech Cement is currently reviewing the order, considering all legal options, and intends to contest the demand. The company does not expect this order to have any operational or financial impact.
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