JSW Cement GST ITC Disallowance Order ₹6.89 Cr

JSW Cement received a GST order from Additional Commissioner, CGST & C.X. Haldia Commissionerate on 27th March 2026.
Order disallows ineligible ITC of ₹6,88,81,340 and imposes an equal penalty of ₹6,88,81,340 under Section 74.
Company contests the order as incorrect and plans to file an appeal with the appropriate authority.
No material financial impact on operations disclosed; total monetary exposure is ₹13,77,62,680 combined.