Dalmia Bharat Limited has informed the Exchange about General Updates
DALBHARAT · price
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Awaiting price reaction for this filing.
Dalmia Bharat's wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), received a favorable order from the Office of Assistant Commissioner of State Tax in Rourkela, Odisha, waiving off the entire interest of Rs. 11,14,515 and penalty of Rs. 1,22,733 that were earlier confirmed against it. The matter related to an ITC mismatch, non-filing of GSTR-3B by suppliers, and interest on late reversal of ITC for the July 2017 to March 2018 period. DCBL had filed an application under Section 128A of the CGST Act seeking waiver. As a result, there will be no financial impact on DCBL. The order was received on June 23, 2025.
This is a positive development for Dalmia Bharat as its subsidiary has been relieved of the previously confirmed interest and penalty demand, resulting in no financial liability from this matter. Negligible impact on overall financials given the small amounts involved.