UltraTech Cement Limited has informed the Exchange about orders passed from Superintendent, Central Goods and Services Tax, Bhiwani, Haryana
ULTRACEMCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
UltraTech Cement has received two orders from the Central GST authority in Bhiwani, Haryana on December 31, 2025. The first order confirms a penalty of around Rs. 13.05 lakh related to supplies made to GST-registered customers who were later deemed non-existent. The second order confirms a tax demand of Rs. 17.21 lakh, along with applicable interest and an equal penalty of Rs. 17.21 lakh, related to input tax credit claimed on supplies from vendors whose registration was cancelled or who allegedly did not file returns. The total combined exposure, including the second penalty, is roughly Rs. 47.46 lakh. The company has stated it will contest both orders and does not expect any material financial impact.
The amounts involved are very small relative to UltraTech's overall size and are unlikely to materially affect the stock. The company plans to appeal, so investors should watch for updates on the outcome of the contest, but near-term impact is negligible.