Key Quantitative Figures
The Show Cause Notice proposes a total GST demand of ₹10,26,58,291 (Ten Crore Twenty-Six Lakh Fifty-Eight Thousand Two Hundred Ninety-One Rupees), comprising:
- IGST: ₹3,89,43,279
- CGST: ₹3,18,57,509
- SGST: ₹3,18,57,503
The notice also proposes applicable interest and equivalent penalty on the above amount.
Dates of Action
- Notice issued by: Joint Commissioner, Central Tax (Audit), Kolkata
- Notice date: 18th August, 2026
- Company disclosure date: 19th August, 2026
- Period under dispute: Financial Years 2020-21 to 2023-24
Parties Involved
- Issuing Authority: Office of the Joint Commissioner, Central Tax (Audit), Kolkata
- Recipient: JSW Cement Limited
Details of Allegations
The notice alleges multiple contraventions for different periods:
1. Availment of blocked/ineligible Input Tax Credit (ITC) for FY 2020-21 to 2023-24
2. Excess availment of ITC for FY 2020-21 based on Form GSTR-9
3. Excess availment of ITC due to mismatch between Form GSTR-3B and Form GSTR-2A for FY 2020-21
4. Short payment of GST on finished goods consumed for FY 2020-21 to 2023-24
5. Excess availment of ITC vis-à-vis tax paid under Reverse Charge Mechanism (RCM) for FY 2020-21 to 2022-23
6. Short payment of GST under RCM based on Form GSTR-9 disclosures for FY 2020-21 and 2023-24
7. Short payment of GST due to turnover differences between books of account and GST returns for FY 2020-21
Financial Impact Assessment
The company states: "The financial impact of the show cause cum demand notice is to the extent of the Demand, Penalty and Interest proposed, but there is no material impact on the Company."
Current Status
The Company is in the process of filing a reply to the Show Cause cum Demand Notice.
Additional Information
The disclosure has been uploaded on the company website at https://www.jswcement.in/.