ACC Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
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ACC Limited has disclosed receiving an order from the Joint Commissioner Taxpayer Services Circle, Thalassery (Kerala) under Section 74 of the CGST/KSGST Act, 2017. The order imposes a demand of Rs. 59,80,58,854/- (approximately Rs. 59.8 crore), which includes interest and penalty. The department has alleged excess availment of Input Tax Credit in GSTR 3B compared to GSTR 2A, irregular deduction of post supply discounts, availment of blocked ITC under Section 17(5), and non-reversal of ITC on goods lost where insurance compensation was received. The order was received on April 10, 2026. The company states it does not foresee any material impact on its financial or operational activities and will contest the demand before appropriate authorities within the prescribed timeline.
While the demand amount of Rs. 59.8 crore is significant, the company has stated it expects no material impact and is contesting the order. This is a GST tax dispute, not a regulatory action affecting securities or market operations directly.