UltraTech Cement Receives Mixed GST Orders from Tamil Nadu
UltraTech Cement has received two GST orders from Tamil Nadu authorities with largely favorable outcomes. The first order dropped major tax demands and penalties totaling ₹236.8 crores, with only a minimal penalty of ₹54,641 upheld. The second order dropped demands of ₹43.47 crores but upheld smaller amounts totaling ₹32.6 lakhs in tax, interest, and penalties. UltraTech plans to contest the upheld demands from the second order and states that neither order will have a material financial impact on its operations.

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UltraTech Cement Limited has disclosed receiving two significant orders from GST authorities in Tamil Nadu, with mixed outcomes that largely favor the cement manufacturer. The company informed stock exchanges about orders received from the Assistant Commissioner, State Goods and Services Tax, Trichy, Tamil Nadu.
First GST Order Details
The first order delivered substantial relief to UltraTech Cement, with authorities dropping major tax demands and penalties. The order addressed matters involving alleged delayed payment of tax and interest.
| Parameter | Amount (₹) | Status |
|---|---|---|
| Tax Demand Dropped | 133.48 crores | Dropped |
| Interest Dropped | 89.98 crores | Dropped |
| Penalty Dropped | 13.34 crores | Dropped |
| Penalty Upheld | 54,641 | To be paid |
Second GST Order Outcome
The second order related to matters concerning default by suppliers in payment and deposit of GST, with authorities dropping the majority of demands while upholding smaller amounts.
| Parameter | Amount (₹) | Status |
|---|---|---|
| Tax Demand Dropped | 24.85 crores | Dropped |
| Interest Dropped | 16.13 crores | Dropped |
| Penalty Dropped | 2.49 crores | Dropped |
| Tax Amount Upheld | 18.48 lakhs | Upheld |
| Interest Upheld | 12.27 lakhs | Upheld |
| Penalty Upheld | 1.85 lakhs | Upheld |
Company's Response and Financial Impact
UltraTech Cement has indicated its intention to contest the upheld demands in the second order. The company has assessed that neither order will have any material financial impact on its operations. For the first order, the company confirmed it will pay the minimal penalty of ₹54,641 that was upheld by the authorities.
The orders were received on December 27, and UltraTech Cement promptly disclosed the information to BSE Limited and The National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding regulatory matters.
In summary, UltraTech Cement received GST orders from Tamil Nadu authorities, with major tax demands of ₹133.48 crores and ₹24.85 crores dropped, though some penalties remain upheld.
Historical Stock Returns for UltraTech Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.02% | +1.15% | +2.03% | -2.55% | +3.95% | +124.90% |
















































