Shree Cement Receives GST Demand Order of ₹8.31 Crore
Shree Cement received a GST demand order for ₹8.31 crore, including interest and penalty, for alleged non-payment of Service Tax. The company disputes the demand and plans to file an appeal by July 15, 2026. The order is not expected to have a significant financial impact.
The company explicitly stated that the order does not have a major financial impact and believes it has a strong case on merits, reducing the potential impact.
The company disputes the GST demand and plans to appeal, indicating a neutral stance. While a demand order is issued, the company's belief in a strong case and minimal financial impact mitigates negative sentiment.
Shree Cement Limited has received a GST demand order from the Commissioner, Central GST & Central Excise, Jodhpur.
The order demands service tax amounting to ₹8,30,94,582/- along with applicable interest and equivalent penalty for alleged non-payment of Service Tax. The company received this order on 16th April, 2026.
Shree Cement believes it has a strong case on merits and disagrees with the contentions imposing the demand. Consequently, the company plans to file an appeal before the Tribunal under Section 86 of the Finance Act, 1994, on or before 15th July, 2026. The company stated that the order does not have a major financial impact.
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SHREE 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 low impact, the band that almost never moves a portfolio on its own.
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