Shree Cement has received a GST demand order amounting to ₹8,30,94,582 from the Commissioner of Central GST & Central Excise, Jodhpur. The order, which was received on 16th April 2026, demands the payment of service tax along with applicable interest and an equivalent penalty.
The demand order is based on allegations of non-payment of service tax. However, Shree Cement has stated that the order does not have a major financial impact on the company. The company disagrees with the contentions that led to the demand and believes it has a strong case on merits.
In response to the demand, Shree Cement plans to file an appeal under section 86 of the Finance Act, 1994. The appeal will be submitted to the tribunal on or before 15th July 2026, within three months from the date of receiving the order.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).