Please find attached intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015
JSWCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Cement has received a Demand-cum-Show Cause Notice from the Additional Commissioner Central Tax (Audit), Patna, dated May 15, 2026, issued under Section 74 of the CGST Act 2017. The notice covers alleged GST non-compliance across multiple financial years (FY 2020-21 to FY 2022-23), including issues with credit notes, deemed supplies, trade discounts, unreconciled turnover between books and GST returns, excess ITC claimed, delay in GSTR-3B filings, and failure to discharge reverse charge mechanism (RCM) liability. The tax department proposes a total GST demand of approximately Rs. 7,55,84,148 (around Rs. 7.56 crore), comprising IGST of Rs. 1,21,54,554, CGST of Rs. 3,17,14,797, and SGST of Rs. 3,17,14,797, plus applicable interest and penalties. The company states it is in the process of filing a reply.
A Rs. 7.56 crore GST demand is relatively modest for a large cement company like JSW Cement, but any adverse order could marginally impact financials and triggers compliance risk scrutiny. The matter is at the reply stage, and outcomes remain uncertain.