Sagar Cements Receives GST Order ₹1.78 Cr

Sagar Cements received a GST order from Additional Commissioner, Hyderabad levying net GST of ₹1,78,30,452 plus interest and penalty.
The order under Section 74 of CGST/TGST Act, 2017 relates to corporate guarantees provided by the company to lenders for subsidiary debt.
The company plans to appeal the order and does not foresee any material financial or operational impact.