J.K. Cement Limited has submitted a regulatory disclosure under Regulation 30 of SEBI LODR Regulations regarding receipt of two GST appeal orders from the Additional Commissioner (Appeals), State Tax, Kota, Rajasthan.
Order Details
First Case (FY 2018-19):
- Original demand order: Dated March 28, 2024, issued by Deputy Commissioner-A, Business Audit Wing-VI, Rajasthan, Jaipur
- Original demand amount: ₹2,99,95,934
- Appeal outcome: Largely allowed, with original demand dropped
- Minimal confirmed demand: ₹9,83,196
- Applicable interest and penalty: ₹1,02,240
Second Case (FY 2020-21):
- Original demand order: Dated February 17, 2025, issued by Deputy Commissioner-A, Business Audit Wing-II, Rajasthan, Jaipur
- Original demand amount: ₹7,28,33,509
- Appeal outcome: Largely allowed, with original demand dropped
- Minimal confirmed demand: ₹65,984
- Applicable interest and penalty: ₹10,000
Nature of Violations
Both cases involved allegations of "Wrong availment of Input GST as not matched with GSTR 2B/2A."
Financial Impact Assessment
The company states that "the order does not have major financial impact on the Company." The contentions imposing demand are not agreed upon, and the company believes it has a strong case on merits.
Next Steps
The company intends to file appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) within the statutory timeline.