JK Cement Receives Partial Relief in SGST Appeals, Minimizing Tax Demands
JK Cement received partial relief in two SGST appeals. The company had demands totaling over ₹10 crore for FY18-19 and FY20-21. The appeals resulted in significantly reduced confirmed demands of ₹9.83 lakh and ₹65,984 respectively, with the larger portions of the demands being dropped. The company plans further appeals.
The confirmed demands are minimal compared to the original ones, and the company believes the orders do not have a major financial impact, indicating a low overall impact.
The company received partial relief in GST appeals, with significant portions of the tax demands being dropped, which is a positive development.
JK Cement Limited has received a partial reprieve in two appeals filed against Goods and Services Tax (GST) demand orders. The Additional Commissioner (Appeals), SGST, Kota, has partly allowed appeals concerning demand orders from FY 18-19 and FY 2020-21.
For the FY 18-19 appeal, the demand order dated March 28, 2024, issued by the Deputy Commissioner-A, Business Audit Wing-VI, Rajasthan, Jaipur, has been modified. The original demand of ₹2,99,95,934 has been dropped, with a minimal demand of ₹9,83,196 confirmed, along with applicable interest and a penalty of ₹1,02,240. Similarly, for the FY 2020-21 appeal, against a demand order dated February 17, 2025, issued by the Deputy Commissioner-A, Business Audit Wing-II, Rajasthan, Jaipur, the original demand of ₹7,28,33,509 has been dropped. A minimal demand of ₹65,984 has been confirmed, along with applicable interest and a penalty of ₹10,000.
The company received these orders on July 3, 2026, around 9:30 PM IST. The alleged violations in both cases pertain to the wrong availment of input GST as not matched with GSTR 2B/2A. JK Cement believes these orders do not have a major financial impact and intends to file appeals before the GSTAT within the statutory timelines, as they are confident in their case on merits.
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JK Cement 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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