ACC Limited , a prominent cement manufacturer, has received a Goods and Services Tax (GST) demand order from the Additional Commissioner CGST Panchkula for Rs 5.12 crore, along with a penalty of Rs 51.24 lakh. The order pertains to disallowed excess Input Tax Credit (ITC) claims in the company's GSTR-3B return.

Details of the GST Demand Order

The demand includes both Central GST (CGST) and State GST (SGST) components, each amounting to Rs 2,56,18,343. Additionally, interest will be applicable on the demand under Section 50 of the CGST/HGST Act, 2017, read with Section 20 of the IGST Act, 2017.

Company's Response

ACC Limited has stated its intention to contest the order by filing an appeal before the Commissioner of Income Tax (Appeals) within the prescribed timeline. The company maintains that it does not foresee any material impact on its financial or operational activities due to this development.

Financial Context

To provide context on ACC Limited's financial position, here's a snapshot of key balance sheet items:

The company's financial position, with total assets of Rs 24,923.00 crore as of March 2025, suggests that it may be well-equipped to handle the GST demand, should the appeal not be successful.

Implications and Outlook

While ACC Limited is contesting the order, this situation highlights the importance of accurate GST compliance for large corporations. The case also underscores the scrutiny that tax authorities are applying to Input Tax Credit claims.

As the company proceeds with its appeal, stakeholders will be watching closely to see how this issue is resolved and whether it could have any implications for ACC Limited's tax strategies or financial reporting practices.

ACC Limited maintains that this development will not significantly impact its operations or financial health. However, the outcome of the appeal process and any potential precedent it might set for the industry will be of interest to investors and industry observers alike.

ACC Limited , a prominent player in the Indian cement industry, has announced a significant change to its board of directors. The company has appointed Ms. Shruti Shah as an Additional Director, serving in a Non-Executive and Independent capacity, effective December 1, 2025. This appointment, approved by the company's Board of Directors, is for a term of three consecutive years.

Key Details of the Appointment

Professional Background of Ms. Shruti Shah

Ms. Shah brings a wealth of experience to her new role at ACC Limited. Here are some highlights of her professional background:

Other Board Positions

Ms. Shah's appointment to ACC Limited's board adds to her existing portfolio of directorships. She currently serves as an Independent Director on the boards of:

1. Orient Cement Limited
2. Sanghi Industries Limited

Compliance and Disclosure

ACC Limited has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Ms. Shah is not related to any other director of ACC Limited and is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other such authority.

This strategic appointment could potentially bring fresh perspectives to ACC Limited's board, leveraging Ms. Shah's extensive experience in finance and tax advisory. As the cement industry continues to evolve, the diverse expertise of board members like Ms. Shah may prove valuable in navigating future challenges and opportunities.