JSW Cement Limited has informed the Exchange about Action(s) taken or orders passed

JSW Cement has received an order dated March 27, 2026 from the Additional Commissioner, CGST & C.X. Haldia Commissionerate (West Bengal). The order disallows ineligible Input Tax Credit (ITC) of Rs. 6,88,81,340 and imposes an equivalent penalty of Rs. 6,88,81,340, taking the total potential outflow to about Rs. 13.77 crore. The tax authority invoked Section 74 alleging suppression of facts and excess ITC claim beyond what was available in GSTR9 Table 8A, also flagging violations of Section 16 conditions. The company has stated that it believes the order is incorrect, that it has not considered the company's submissions, and that it intends to file an appeal. JSW Cement has clarified that despite this demand and penalty, there is no material impact on the company's financials or operations.