Key Quantitative Figures
The disclosure concerns a GST matter for FY 2019-20 where:
- Original tax demand: ₹879.15 lakh
- Original interest demand: ₹659.35 lakh
- Original penalty demand: ₹87.91 lakh
- Total original demand: ₹1,626.41 lakh (₹16.26 crore)
Dates of Action
- Original orders received: 29th August 2024 and 30th August 2024
- Appeal decision date: 11th June 2026
- Communication receipt date: 11th June 2026
- Disclosure filing date: 12th June 2026
Parties Involved
- Regulatory Authority: Office of the Additional Commissioner (Appeal) of State Tax, Chhattisgarh
- Previous Authority: Office of the Joint Commissioner of State Tax, Durg Division, Chhattisgarh
- Listed Entity: JK Lakshmi Cement Limited
Material Contents of Communication
The company received Form GST APL-04 of the Goods & Services Tax Act, 2017, which communicated that:
- The company's appeal against the original GST demand orders has been decided in its favor
- The entire demand raised under the original orders stands set aside
- The original demands were primarily related to:
- Reverse Charge Mechanism (RCM) on inter-state purchases on a pro-rata basis
- Disallowance of Input Tax Credit
- Certain other matters
Financial Impact
Expected financial implications: NIL (as the appeal was decided in the company's favor)
Certification
The disclosure was certified by Amit Chaurasia, Company Secretary of JK Lakshmi Cement Ltd., who confirmed that the information provided is true, correct and complete to the best of his knowledge and belief.