Dalmia Bharat Subsidiary Faces GST Orders: ₹1.48 Crore Tax & Penalty
Dalmia Cement (Bharat) Limited received two GST orders for FY 2019-20. One order from Varanasi demands ₹21.75 lakh tax and ₹21.75 lakh penalty. Another from Bokaro demands ₹1.27 crore tax and ₹1.27 crore penalty. DCBL plans to appeal both orders, stating no major financial impact.
The total demand and penalty amount is ₹1.48 crore, which is considered a low financial impact relative to the company's overall size and revenue.
The company has received tax demands and penalties, which is negative. However, the company believes it has grounds to contest and will appeal, and states there is no major financial impact, which mitigates the negativity.
Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Limited, has received two orders from tax authorities concerning the disallowance of Input Tax Credit (ITC) for FY 2019-20.
The first order, from the Jt. Commissioner, Corporate Circle, Varanasi, Uttar Pradesh, under Section 74 of the GST Act, imposes a demand of ₹21,74,976/- in tax along with interest and an equal amount of ₹21,74,976/- as penalty. This order was received on March 26, 2026, at 11:15 a.m.
The second order, from the Assistant Commissioner of CGST & CX, Division-II Bokaro, Jharkhand, under Section 74 of the GST Act, imposes a demand of ₹1,26,94,260/- in tax along with interest and an equal amount of ₹1,26,94,260/- as penalty. This order was received on March 26, 2026, at 4:25 p.m.
DCBL believes it has strong grounds to contest these orders and intends to file appeals before the Appellate Authorities within the prescribed timelines. The company stated that these orders do not have a major financial impact, as the impact is limited to the specified tax, interest, and penalty amounts.
What to do with a filing like this
Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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