Shree Cement has received a GST demand order from the Commissioner of Central GST & Central Excise, Jodhpur, requiring the payment of ₹8,30,94,582 in service tax, along with applicable interest and an equivalent penalty. The order was issued due to alleged non-payment of service tax and was received by the company on 16th April 2026.
Despite the significant sum involved, Shree Cement has stated that the order does not have a major financial impact on the company. The company disagrees with the contentions of the demand and believes it has a strong case on merits. Consequently, Shree Cement plans to file an appeal under Section 86 of the Finance Act, 1994, before the Tribunal. The appeal is expected to be filed on or before 15th July 2026, which is within three months from the date of receipt of the order.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).