ACC Faces ₹40 Crore GST Demand in Punjab, Bihar; Company to Appeal

• Cement maker ACC Ltd received two separate GST demand orders totaling ₹40.13 crore, including penalties and interest.
• The first order from Ludhiana, Punjab, demands ₹3.21 crore, while the second from Patna, Bihar, totals ₹36.93 crore.
• Violations cited include excess input tax credit (ITC) availed, ineligible ITC, and issues with credit notes and amended supplies.
• ACC plans to appeal against both orders and states no material impact on its financials or operations is expected.
• ACC shares closed up 0.28% on BSE on December 31, despite the news.

Why It Matters: ACC faces ₹40.13 crore GST demand in Punjab, Bihar, but plans to appeal with no material impact expected.