UltraTech Cement Faces Rs 391 Cr GST Liability, Plans to Contest Order

• UltraTech Cement received a GST demand notice for Rs 782.2 crore, followed by an order upholding a tax liability of Rs 390.95 crore, plus interest and an equal penalty.
• The total financial implication from the order, including tax, interest, and penalty, amounts to over Rs 782 crore.
• The order was issued by the Joint Commissioner, Central Goods and Services Tax & Central Excise, Patna, for the period 2018-19 to 2022-23.
• Reasons cited include alleged short payment of GST and improper utilisation of Input Tax Credit.
• UltraTech Cement plans to review the order, consider all legal options, and contest the demand before the appropriate forum.

Why It Matters: UltraTech Cement faces over Rs 782 crore GST liability, including penalty, and plans to contest it.