Shree Cement has received a GST demand order from the Assistant Commissioner of Central GST & Central Excise, Pali, demanding service tax of ₹39,19,286 along with applicable interest and equivalent penalty. The order was received on 11th May 2026. The demand pertains to the alleged non-payment of service tax by the company.
Despite the demand, Shree Cement has stated that the order does not have a major financial impact on the company. The company disagrees with the contentions imposing the demand and believes it has a strong case on merits. As a result, Shree Cement plans to file an appeal under section 85 of the Finance Act, 1994, before the Commissioner (Appeals) within two 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).