JK Cement Limited has informed the Exchange about receipt of GST demand order

JKCEMENT · price

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-0.5%1-day move

₹5382.00

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₹5413.50

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AI summary

JK Cement Limited 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) along with applicable interest and an equivalent penalty. The department alleges the company claimed Input GST credits from non-existent taxpayers. The order was received on May 17, 2026. The company states the demand does not have a major financial impact and contests the findings, believing it has a strong case on merits. The company plans to file an appeal with the Commissioner (Appeals) within two months of receiving the order.

Likely market impact

The financial exposure is relatively small (under Rs 10 lakh including penalty), and the company has signaled intent to contest. No material impact expected unless similar orders follow, but the tax dispute creates mild regulatory overhang.