Gujarat Taxman Knocks: UltraTech Faces GST Heat, Stays Calm

Authority Involved: State Tax Officer, Gujarat
Nature of Order: GST demand, interest, and penalty on ineligible ITC claim
Total Amount: ₹71.37 lakh (GST: ₹25.88 lakh, Interest: ₹19.63 lakh, Penalty: ₹25.88 lakh)
Reason: ITC claimed from a vendor with cancelled GST registration
Company Response: Reviewing the order; no material financial impact
Date of Receipt: 17th December 2025

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UltraTech Cement Limited has received a GST demand order from the State Tax Officer, Gujarat, for approximately ₹71.37 lakh (GST: ₹25.88 lakh, Interest: ₹19.63 lakh, Penalty: ₹25.88 lakh). The order stems from Input Tax Credit (ITC) claimed from a vendor whose GST registration was cancelled. UltraTech is reviewing the order and has stated there is no material financial impact on the company.