SHREE CEMENT LIMITED has informed the Exchange about receipt of GST demand order from the Assistant Commissioner, Central Excise, Gulbarga Division, Karnataka
SHREECEM · price
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Shree Cement has received a GST demand order from the Assistant Commissioner, Central Tax & Central Excise, Gulbarga Division, Karnataka on 30th December 2025. The order in Form GST DRC-07 confirms a tax demand of Rs. 69.14 lakh along with equal penalty of Rs. 69.14 lakh, totaling about Rs. 1.38 crore, for alleged non-payment of GST. The company has stated this has no major financial impact. Shree Cement does not agree with the demand and plans to file an appeal under Section 107 of the Karnataka GST Act by 29th March 2026.
The financial exposure is small relative to Shree Cement's size, so no material hit to earnings is expected. Investors should monitor the appeal outcome, but for now this is a routine tax dispute with no significant bearing on the stock.