Shree Cement Limited disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has received a GST demand order from the Assistant Commissioner, Central GST & Central Excise, Pali. The order was received on 11th May, 2026, and the disclosure was submitted to the stock exchanges on 12th May, 2026.
Details of the GST Demand Order
The demand order requires Shree Cement to pay service tax of ₹39,19,286 along with applicable interest and an equivalent penalty. The alleged violation pertains to non-payment of service tax. The following table summarises the key details of the demand order as disclosed by the company:
| Parameter: | Details |
| Issuing Authority: | Assistant Commissioner, Central GST & Central Excise, Pali |
| Nature of Demand: | Service tax of ₹39,19,286 along with applicable interest and equivalent penalty |
| Alleged Violation: | Non-payment of Service Tax |
| Date of Receipt of Order: | 11th May, 2026 |
Company’s Response and Financial Impact
Shree Cement has stated that the demand order does not have a major financial impact on the company. The company has indicated that it does not agree with the contentions imposing the demand and believes it has a strong case on merits. Accordingly, the company intends to file an appeal under Section 85 of the Finance Act, 1994, before the Commissioner (Appeals) within 2 months from the date of receipt of the order.
The disclosure was made by Company Secretary on behalf of Shree Cement Limited.
