Details of the Authority and Order
- Issuing Authority: Deputy Commissioner, State Tax, Patna
- Order Type: Demand Order in Form GST DRC-07
- Date of Receipt: The order was received on 5th November 2026.
Financial Details of the Demand
The order confirms a total monetary demand against the company, broken down as follows:
- Tax Demand: ₹ 4,60,69,188
- Interest: ₹ 2,93,98,454
- Penalty: ₹ 46,06,918
- Total Demand: ₹ 8,00,74,560
Nature of Alleged Violation
The demand order was issued due to an alleged valuation issue.
Company's Response and Financial Impact
- Financial Impact: The company has explicitly stated that "the order has no major financial impact on the Company."
- Company's Stance: The company does not agree with the contentions of the order.
- Appeal Plan: The company will file an appeal under Section 107 of the Bihar GST Act. The appeal will be filed on or before 5th February 2027, which is within the 3-month statutory timeline from the date of communication of the order.
Regulatory and Filing Details
- Scrip Code (NSE): SHREECEM EQ
- NCD ISIN: INE070A07061