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UltraTech Cement faces a ₹782 crore GST demand from Patna authorities over alleged tax shortfalls from 2018-2023, which it disputes.
UltraTech Cement received a GST demand notice for ₹782.2 crore from Patna tax authorities, citing alleged short payments and improper input tax credit use from 2018-19 to 2022-23.
The company disputes the order, stating it was issued without proper consideration of its submissions, and plans to contest the demand legally.
The total liability includes ₹3,90.96 crore in tax, interest, and a matching penalty.
UltraTech, India’s largest cement producer, says it expects no financial or operational impact and is evaluating legal options.
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UltraTech Cement se enfrenta a una demanda de ₹ 782 crore GST de las autoridades de Patna por presuntos déficits fiscales de 2018-2023, que disputa.