UltraTech Cement Receives GST Order Demanding ₹61.38 Lakhs
UltraTech Cement Limited has announced that it has received an order from the State Tax Officer, Gujarat. The order confirms a demand for Goods and Services Tax (GST) amounting to ₹25,87,550. In addi...
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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 received an order for gst, interest, and penalty. while a demand has been raised, the company is reviewing it and has stated there is no material financial impact, leading to a neutral sentiment.
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UltraTech Cement Receives GST Order Demanding ₹61.38 Lakhs
December 17, 2025, 01:58 PM
UltraTech Cement Limited has announced that it has received an order from the State Tax Officer, Gujarat. The order confirms a demand for Goods and Services Tax (GST) amounting to ₹25,87,550.
In addition to the GST demand, the order also includes a demand for interest of ₹19,62,568 and a penalty of ₹25,87,550. The total demand raised is ₹61,37,868.
The demand for GST is reportedly due to the company claiming Input Tax Credit (ITC) from a vendor whose registration has been cancelled. The company is currently reviewing the order and will decide on the further course of action. UltraTech Cement has stated that there is no material financial impact on the company from this order.
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