UltraTech Cement Faces Rs 1.08 Crore GST Demand Over Alleged Ineligible ITC Claim on Blocked Credits
UltraTech Cement Limited has recently disclosed that it has received an Order-in-Original passed by the Assistant Commissioner, State Goods and Services Tax, Maharashtra, on the grounds of alleged ineligible ITC claimed on blocked credits belonging to Financial Year 2019-20. The said order has imposed a tax demand amounting to Rs 1.08 Crore on the company, along with interest of Rs 1.17 Crore and a penalty of Rs 1.08 Crore. The order was received by the company on March 12, 2026.
The company has stated that it is not satisfied with the GST order and is planning to challenge the same before the appropriate judicial authority. Further clarifies that the present action does not impact its financial, operational, or other activities.
The aforementioned disclosure has been made by the company through a regulatory filing dated March 13, 2026, addressed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.