J.K. Cement Receives GST Demand Order of Rs 8,02,113/- from Ahmedabad Tax Authority

J.K. Cement Limited has 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 Deputy Commissioner of State Tax, Ahmedabad. The order, dated May 16, 2026, was received by the company on May 17, 2026, and was formally intimated to the stock exchanges on May 18, 2026.

GST Demand Order Details

The demand order issued by the Ahmedabad tax authority requires J.K. Cement to pay GST of Rs 8,02,113/- along with applicable interest and an equivalent penalty. The alleged contravention pertains to the wrong availment of Input GST as received from non-existent taxpayers. The following table summarises the key details of the demand order as disclosed by the company:

Parameter: Details
Issuing Authority: Deputy Commissioner, State Tax, Ahmedabad (Gujarat)
Nature of Order: GST demand of Rs 8,02,113/- along with applicable interest and equivalent penalty
Date of Order: May 16, 2026
Date of Receipt: May 17, 2026
Alleged Contravention: Wrong availment of Input GST as received from non-existent taxpayers

Company’s Position and Intended Action

J.K. 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 before the Commissioner (Appeals) within two months from the date of receipt of the order.

The disclosure was made by Bhumika Sood, Company Secretary & Compliance Officer of J.K. Cement Limited, in accordance with the applicable SEBI listing regulations.

Source from: https://scanx.trade/stock-market-news/companies/j-k-cement-receives-gst-demand-order-of-rs-8-02-113-from-ahmedabad-tax-authority/40648342

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