ACC Limited to contest GST order of ₹59.8 Crore, no material financial impact expected
ACC Limited received a GST order demanding ₹59.81 crore, including interest and penalty, related to alleged ITC irregularities and discounts. The company will contest the order and does not expect any material financial or operational impact.
While the company states no material impact is expected, a demand of ₹59.81 crore is substantial and could potentially affect cash flow or require legal expenditure. The contesting of the order also introduces uncertainty.
The company is contesting a significant tax demand, which is a negative development. However, the company's assertion that it does not foresee any material impact mitigates the negativity, resulting in a neutral sentiment.
ACC Limited announced on April 11, 2026, that it has received an order under Section 74 of the CGST/KSGST Act, 2017. The order imposes a demand of ₹59,80,58,854, which includes interest and penalty.
The order was issued by the Joint Commissioner Taxpayer Services Circle, Thalassery: Kannur, Kerala, on April 10, 2026. The allegations by the department include excess availment of Input Tax Credit (ITC) in GSTR 3B versus GSTR 2A, irregular deduction of post-supply discounts, availment of blocked ITC under Section 17(5) of the CGST Act, 2017, and non-reversal of ITC on goods lost where insurance compensation was received.
ACC Limited stated that it will contest the order before the appropriate authorities within the prescribed timeline. The company does not foresee any material impact on its financial, operational, or other activities as it takes appropriate steps to appeal against the demand. This intimation is made in compliance with Regulation 30 of the SEBI Listing Regulations.
What to do with a filing like this
ACC Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by ACC Limited. Read the original for the full detail.