GST orders received from Trichy tax authority - company to contest
ULTRACEMCO · price
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UltraTech Cement received two orders from the State GST Assistant Commissioner, Trichy on 2 Feb 2026. The first alleges excess input tax credit claim for FY 2021-22 with demand of Rs 10.01 lakh, interest of Rs 6.84 lakh and equal penalty. The second relates to FY 2019-20 with demand of Rs 93.54 lakh, interest of Rs 97.52 lakh and equal penalty. Total exposure including interest and penalty is about Rs 3.12 crore. The company will contest both orders and does not expect any material financial impact.
Company will contest both orders. Total demand about Rs 3 crore is small relative to business size; no material impact expected.