JK Lakshmi Cement Limited received GST order imposing tax demand of ₹179.19 Lakhs and penalty for disallowed Input Tax Credit under Regulation 30 dated 01 May 2026
JK Lakshmi Cement Limited has disclosed receipt of a GST order from the Office of the Joint Commissioner of State Tax, Durg Division, Chhattisgarh, dated 30 April 2026. The order, issued under section 74 of the Goods and Services Tax Act, 2017, has raised a total demand of ₹391.84 Lakhs for the financial year 2023-24, comprising tax demand of ₹179.19 Lakhs, interest of ₹33.46 Lakhs, and penalty of ₹179.19 Lakhs. The demand follows the disallowance of Input Tax Credit by the GST Department. The company has stated it will file an appeal before the Appellate Authority and confirmed there is no material impact on its financial, operational, or other activities due to this order.

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JK Lakshmi Cement Limited has disclosed receipt of an order from the Office of the Joint Commissioner of State Tax, Durg Division, Chhattisgarh, dated 30 April 2026. The communication was received under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pertains to an order issued under section 74 of the Goods and Services Tax Act, 2017.
Order Details
The GST order has raised a demand against the company for the financial year 2023-24. The order follows the disallowance of Input Tax Credit by the GST Department. The company has stated that it is in the process of filing an appeal before the Appellate Authority against the said order.
| Component | Amount |
|---|---|
| Tax Demand | ₹179.19 Lakhs |
| Interest | ₹33.46 Lakhs |
| Penalty | ₹179.19 Lakhs |
| Total | ₹391.84 Lakhs |
Financial Impact and Company Response
According to the disclosure, there is no material impact on the financial, operational, or other activities of the company due to this order. The expected financial implications on the listed company have been stated as NIL. The company has confirmed that it will challenge the order through the appellate process.
The disclosure was made by Amit Chaurasia, Company Secretary of JK Lakshmi Cement Limited, in compliance with Regulation 30(13) of the SEBI Listing Regulations. The company has assured that the information provided in Form A is true, correct, and complete to the best of its knowledge and belief.
Historical Stock Returns for JK Lakshmi Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.34% | -8.38% | -8.02% | -23.06% | -28.29% | +23.90% |
What are the potential outcomes if JK Lakshmi Cement's appeal to the Appellate Authority is unsuccessful?
Could this GST order indicate broader compliance issues that might affect other cement companies in Chhattisgarh?
How might this GST dispute impact JK Lakshmi Cement's input tax credit strategies for FY 2024-25?


































