Quick Summary
UltraTech Cement, a leading cement manufacturer, has received two demand orders from the Goods and Services Tax (GST) authorities, amounting to Rs 72.06 lakh in total. The company has expressed its intention to challenge these orders before the appellate authorities. The first demand order, issue
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
UltraTech Cement has received GST demand orders totalling Rs 72.06 lakh.
One order alleges a discrepancy in Input Service Distributor (ISD) credit not reflected in the financial statement for fiscal year 2018. The other order alleges the availing of ineligible Input Tax Credit (ITC).
The demand orders were issued by the Assistant Commissioner in Bathinda and the Deputy Commissioner of State Tax in Bhavnagar.
UltraTech Cement intends to challenge these orders before the appellate authorities and asserts it has a strong case on merits.
The company emphasizes that the orders will not have a significant financial impact.
CAclubindia
