UltraTech Cement Receives GST Orders for ₹30.26 Lakhs Penalty and Tax Demand
UltraTech Cement Limited has announced that it has received orders from the Superintendent, Central Goods and Services Tax, Bhiwani, Haryana. The company has been issued an Order in Original confirmin...
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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 orders from the gst authority imposing penalties and tax demands. while the company intends to contest these orders and does not expect a material financial impact, the imposition of demands and penalties itself warrants a neutral sentiment.
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UltraTech Cement Receives GST Orders for ₹30.26 Lakhs Penalty and Tax Demand
December 31, 2025, 01:01 PM
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UltraTech Cement Limited has announced that it has received orders from the Superintendent, Central Goods and Services Tax, Bhiwani, Haryana. The company has been issued an Order in Original confirming a penalty of ₹13,04,810 for supplies made to GST registered customers who were later deemed non-existent by the GST Department.
Additionally, another Order in Original has been passed confirming a tax demand of ₹17,20,875, along with applicable interest and a penalty of ₹17,20,875. This pertains to Input Tax Credit availed in respect of supplies received from vendors whose registrations were cancelled retrospectively, or who allegedly failed to file their GSTR-3B.
The company received these orders on 31st December 2025. UltraTech Cement Limited stated that it would be contesting these demands and does not expect either order to have any material financial impact on the company.
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