Mangalam Cement fined ₹2.7 Crore for wrongful ITC claim.
Mangalam Cement Limited received an order for wrongful ITC availment of ₹0.90 Crore. Penalties totaling ₹2.70 Crore were imposed. The company plans to appeal the order within three months.
The financial impact of ₹2.70 Crore is significant for the company, although operations are not affected. The company intends to appeal, which could alter the final outcome.
The company has been levied penalties and interest totaling ₹2.70 Crore due to an alleged wrongful availment of Input Tax Credit.
Mangalam Cement Limited (MANGLMCEM) has received an order from the Deputy Commissioner, Central GST Division, Kota Rural, concerning the alleged wrong availment of Input Tax Credit (ITC).
The order confirms a demand of ₹0.90 Crore (IGST) for wrongly availed ITC, along with applicable interest. Additionally, penalties amounting to ₹0.90 Crore under Section 74, ₹0.90 Crore under Section 122(1)(x), and ₹0.90 Crore under Section 122(1)(xvii) of the CGST Act, 2017, have been imposed on the company.
The alleged contravention stems from the company wrongly availing ₹0.90 Crore of ITC on an invoice issued by a service provider, in violation of Section 16 of the CGST Act, 2017. The order was dated 7th October 2026 and received by the Company Secretary & Compliance Officer on 8th October 2026.
The potential financial impact, if the order is sustained, is ₹2.70 Crore. The company states there is no impact on its operations or business activities. Mangalam Cement is currently examining the order and exploring legal remedies, with the intention to file an appeal under Section 107 of the CGST Act, 2017, within three months from the receipt of the order.
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Mangalam Cement 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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