UltraTech Cement Receives GST Orders, Minimal Financial Impact Expected
UltraTech Cement Limited has received Orders from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu. In Annexure A, the authority dropped a tax demand of ₹1,33,47,82,240 al...
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Why is UltraTech Cement Limited in the news today?
UltraTech Cement Limited (ULTRACEMCO) is in the news due to while significant tax demands were dropped, some penalties and smaller tax amounts were upheld, leading to a neutral sentiment as the financial impact is deemed immaterial by the company.
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UltraTech Cement Receives GST Orders, Minimal Financial Impact Expected
December 28, 2025, 08:14 AM
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UltraTech Cement Limited has received Orders from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu.
In Annexure A, the authority dropped a tax demand of ₹1,33,47,82,240 along with interest of ₹89,98,02,762 and penalty of ₹13,34,23,583. However, a penalty of ₹54,641 was upheld. This order was received on 27th December 2025 and pertains to alleged delayed payment of tax and interest. The company stated there is no material financial impact.
In Annexure B, the authority dropped a tax demand of ₹24,85,28,837 along with interest of ₹16,12,64,537 and penalty of ₹2,48,52,884. However, a tax amount of ₹18,48,026, interest of ₹12,26,684, and penalty of ₹1,84,802 were upheld. This order was also received on 27th December 2025 and relates to defaults by suppliers in payment and deposit of GST. The company is contesting this demand and does not expect a material financial impact.
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