SHREE CEMENT LIMITED has informed the Exchange Company has received GST demand order from the Assistant Commissioner, Central GST & Central Excise, Pali.
SHREECEM · price
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Shree Cement Limited has received a GST demand order from the Assistant Commissioner, Central GST & Central Excise, Pali. The demand is for service tax of Rs. 39,19,286 along with applicable interest and equivalent penalty. The order was received on 11th May, 2026. The company states the demand is related to alleged non-payment of service tax. The company has indicated this does not have a major financial impact and it disagrees with the demand, believing it has a strong case on merits. The company intends to file an appeal under section 85 of the Finance Act, 1994 before the Commissioner (Appeals) within two months.
The financial impact appears limited at around Rs. 39 lakh plus penalties and interest. The company is contesting the demand and plans to appeal, suggesting management does not expect a material adverse outcome. However, any unfavorable resolution could marginally affect quarterly earnings.