JSW Cement Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
JSWCEMENT · price
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JSW Cement Limited has disclosed receiving a Demand-cum-Show Cause Notice from the Additional Commissioner Central Tax (Audit), Patna on May 15, 2026. The notice, issued under Section 74 of the CGST Act 2017, pertains to multiple GST-related compliance issues across FY 2020-21 to FY 2022-23. These include alleged credit notes treated as taxable supplies, unreconciled tax liabilities and turnover differences between books and GST returns, excess input tax credit claimed, delayed GSTR 3B filings, and failure to discharge reverse charge mechanism liabilities. The tax department is proposing a total GST demand of approximately Rs. 7.56 crore (IGST: Rs. 1.22 crore, CGST: Rs. 3.17 crore, and SGST: Rs. 3.17 crore) along with applicable interest and penalties. The company has stated it is in the process of filing a reply to the notice.
While the show cause notice involves a significant tax demand of Rs. 7.56 crore, this is currently a proposed demand that the company intends to contest. No penalty or liability has been confirmed yet. If the demand is upheld, it could result in a financial outflow and may attract penalties, but the impact on the stock will depend on the outcome of the company's response and any subsequent litigation.