DALBHARAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dalmia Bharat's wholly-owned subsidiary Dalmia Cement (Bharat) Limited (DCBL) had earlier received an order imposing a penalty of Rs. 11,82,298/- under Section 74 of the CGST Act and Bihar GST Act. The penalty related to input tax credit claimed for FY 2017-18 under the Reverse Charge Mechanism, where the tax liability was delayed due to a Resolution Plan sanctioned by NCLT on January 31, 2018. DCBL filed an appeal, and the Office of Additional Commissioner of CGST (Appeals), Patna, Bihar has now passed an order fully waiving off the entire penalty amount. The order was received on April 30, 2026. There will be no financial impact on DCBL.
This is a positive development for Dalmia Bharat as the penalty has been fully waived, removing a financial liability of Rs. 11.82 lakh with no impact on the company's financials.