A total of Rs 72 lakh was given to UltraTech Cement in two GST demand orders

A total of Rs 72 lakh was given to UltraTech Cement in two GST demand orders

A total of Rs 72 lakh was given to UltraTech Cement in two GST demand orders

The business said that it will appeal the decision to the higher authorities.

The GST authorities have sent two demand orders, interest, and a penalty totaling Rs 72.06 lakh to UltraTech Cement, a leading cement manufacturer. The business said that it will appeal the decision to the higher authorities.

The Bathinda assistant commissioner issued an order to the Aditya Birla Group firm, requesting Rs 25.11 lakh "along with interest and penalty" for failing to include ISD (Input Service Distributor) credit in the FY 2018 results. Is not." in a December 29 regulatory filing. On December 30, UltraTech notified a regulatory body that it had obtained an additional order concerning GST from the Deputy Commissioner, State Tax, Bhavnagar. The order demanded Rs 46.95 lakh, plus interest and penalties, alleging that UltraTech had distributed advantages to individuals who were not qualified. has been. "ITC (Input Tax Credit)" .

UltraTech will challenge the ruling, claiming that it has a "good case on merits to defend the case within the appellate authorities". It said that the company's finances won't be significantly impacted by this ruling. It said that the company's finances won't be significantly impacted by this ruling.

The combined capacity of the Aditya Birla Group companies to produce gray cement is 138.39 million tonnes per year (MTPA).