JK Lakshmi Cement Limited disclosure of GST order imposing penalty and tax demand of ₹391.84 Lakhs under Regulation 30 dated 01 May 2026
JK Lakshmi Cement Limited received a GST order dated 30 April 2026 from the Office of the Joint Commissioner of State Tax, Durg Division, Chhattisgarh, imposing a total demand of ₹391.84 Lakhs comprising tax of ₹179.19 Lakhs, interest of ₹33.46 Lakhs, and penalty of ₹179.19 Lakhs for FY 2023-24 due to disallowed Input Tax Credit. The company will file an appeal and stated there is no material impact on its financial or operational activities.

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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 |
|---|---|---|---|---|---|
| -1.60% | -2.25% | +9.95% | -24.03% | -19.41% | +60.63% |
What precedent could this GST ruling set for other cement companies' Input Tax Credit claims in Chhattisgarh?
How might prolonged GST disputes affect JK Lakshmi Cement's working capital management and cash flow in upcoming quarters?
Will this case prompt the company to revise its tax compliance processes or seek external tax advisory services?


































