Shree Cements Legal & Regulatory
Shree Cement reported that the Joint Commissioner (Appeals), Hyderabad dismissed its appeal against a tax demand, upholding a demand of Rs. 11.05 Lakhs (inclusive of penalty).
- Value
- ₹1.07 Cr
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Shree Cement reported that the Joint Commissioner (Appeals), Hyderabad dismissed its appeal against a tax demand, upholding a demand of Rs. 11.05 Lakhs (inclusive of penalty).
Shree Cement's appeal was dismissed by SGST Patna. This reinstates a tax demand, interest, and penalty totaling ₹41.11 Crore.
Shree Cement received a ₹153.47 Crore income tax demand for FY 2022-23. The company plans remedial legal action and expects no material financial impact.
Shree Cement received a ₹0.39 Crore service tax demand order including interest and penalties. The company intends to appeal, citing no major financial impact.
Shree Cement Ltd reported that the Commissioner (Appeals), CE & CGST, Jodhpur dismissed its appeal against a demand order for technical reasons. This reinstates a penalty of ₹0.36 Crore related to the wrong availment of Cenvat Credit. The company stated the order has no major financial impact and is evaluating further legal options.