Ambuja Cements Limited has informed the Exchange about disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
AMBUJACEM · price
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Ambuja Cements has received a demand order from the Superintendent (ADJ.) CGST and CX Nagpur-I under Section 74 of the GST Act, 2017. The order demands Rs. 19,29,92,594 (approximately Rs. 19.3 crore), which includes interest and penalty. The department alleges excess availment of ineligible Input Tax Credit due to GSTR 2B mismatches and delayed payment of GST under reverse charge on mining royalty for financial years 2019-20 to 2022-23. The company received the order on April 10, 2026, and states it is in the process of filing an appeal against the order before the competent authority.
The company claims no material impact on its financial or operational activities. However, the Rs. 19.3 crore demand is significant, and the outcome of the appeal could affect profitability if upheld.