Shree Cement Tax Appeal Dismissed, Rs 10.5 Lakh Demand

Details of Regulatory Action

The Joint Commissioner (Appeals), Hyderabad has dismissed the appeal filed by the company against the demand order passed by the Superintendent, Central Tax, Punjagutta, Hyderabad. The order was dated October 6, 2026 and was received by the Company Secretary on October 7, 2026.

Quantitative Details of the Order

The authority upheld:

• Tax demand of ₹9,88,093 (after considering ₹4,830 already deposited)
• Penalty of ₹1,16,685

The authority dropped:

• Tax demand of ₹37,083
• Penalty of ₹641

Nature of Alleged Violation

The case involved alleged "Wrong availment of ITC" (Input Tax Credit).

Financial Impact Assessment

The company states that "The order has no major financial impact on the Company." The disclosure notes that the authority did not consider the facts and averments submitted by the company.

Future Course of Action

Based on the merits of the case, the company intends to file an appeal before the GST Appellate Tribunal within the prescribed time under Section 112 of the Telangana GST Act, 2017.