Dalmia Bharat faces tax demands totalling Rs 1.48 crore for FY 2019-20

Arunika Jain — Thu, 26 Mar 2026 17:39:48 +0000

Dalmia Bharat Limited’s subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has been issued tax demands amounting to ₹1.48 crore for the financial year 2019-20. These demands arise from two separate orders related to the disallowance of Input Tax Credit (ITC) under the Central Goods and Services Tax Act, 2017.

The first order was issued by the Joint Commissioner, Corporate Circle, Varanasi II, Mirzapur, Uttar Pradesh. It involves a demand for tax and penalty, each amounting to ₹21,74,976, along with applicable interest. This order follows adjudication proceedings from a show cause notice concerning the disallowance of ITC for the specified financial year.

The second order came from the Assistant Commissioner of CGST & CX, Division-II Bokaro, Jharkhand. It imposes a tax demand and penalty, each amounting to ₹1,26,94,260, along with interest. This order also stems from adjudication proceedings related to the disallowance of ITC for FY 2019-20.

Despite these demands, DCBL maintains that it has strong grounds to contest the orders and plans to file appeals with the respective Appellate Authorities within the prescribed timelines. The company asserts that the financial impact of these orders is limited to the specified tax, interest, and penalty amounts.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bokaro | Business Upturn

Dalmia Bharat faces tax demands totalling Rs 1.48 crore for FY 2019-20