The India Cements Limited has informed the Exchange about Orders received from GST Authorities
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India Cements has received three separate GST orders dated December 30, 2025, from tax authorities in Chennai, Vijayawada, and Hyderabad, all related to alleged excess Input Tax Credit claims and short/non-payment of tax for FY 2021-22. The Vijayawada order is the largest, with a GST demand of about Rs. 32.66 crore plus interest of Rs. 21.73 crore and applicable penalty. The Hyderabad order involves a demand of about Rs. 2.23 crore with interest, penalty, and late fee, while the Chennai order is the smallest at roughly Rs. 1.03 crore including tax, interest, penalty, and late fee. In total, the combined tax demand plus interest across all three orders is around Rs. 57.6 crore. The company has stated it will review the orders and contest them legally, and does not expect any material financial or operational impact.
The company is contesting all three GST orders and believes they will not have a material impact on operations or finances. However, if the appeals fail, the cumulative demand of around Rs. 57-60 crore (including interest and penalties) could become a significant outflow, so investors should watch the outcome of the legal challenge.