UltraTech Cement Slapped with ₹782 Cr Tax Notice; Shares May Dip Monday

• UltraTech Cement received a ₹782 crore tax notice from the Joint Commissioner, Central Goods and Services Tax and Central Excise, Patna.
• The notice includes ₹390 crore tax, ₹390 crore penalty, and ₹27.68 lakh interest for alleged GST underpayment and incorrect input tax credit utilization from FY18-19 to FY22-23.
• The company plans to contest the demand, stating it does not expect the order to impact its operations or financials.
• The ₹782 crore demand is approximately two-thirds of the company's ₹1232 crore profit for the quarter ending September 2025.
• UltraTech Cement shares closed at ₹11497.15 on Friday, December 19, and analysts predict a potential decline on Monday, December 22.

Why It Matters: UltraTech Cement faces a significant ₹782 crore tax demand, which it plans to legally challenge.