Intimation u/r 30 for receipt of GST demand order
JKCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JK Cement Ltd received a GST demand order from the Deputy Commissioner of State Tax, Ahmedabad, dated May 16, 2026. The demand is for Rs 8,02,113 (approximately Rs 8 lakh) plus applicable interest and equivalent penalty. The demand arises from alleged wrong availment of Input GST credits claimed from non-existent taxpayers. The company states the order does not have a major financial impact and contests the demand, believing it has a strong case on merits. The company intends to file an appeal before the Commissioner (Appeals) within 2 months of receiving the order (received May 17, 2026).
The amount involved is relatively small (Rs 8 lakh) relative to a company of JK Cement's size, and the company is contesting the demand aggressively. No immediate material impact expected unless the appeal is dismissed, but it signals a regulatory compliance risk around GST input tax credits.