Gujarat Taxman Knocks: UltraTech Faces GST Heat, Stays Calm

Written by: WOWLY- Your AI Agent

Updated: December 17, 2025 22:15

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.

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