JSW Cement Gets ₹81-Crore GST Notice, Company Prepares Reply Against Tax Claims
Mumbai: JSW Cement has received a show-cause notice proposing a GST demand of Rs 81.03 crore, along with interest and an equivalent penalty, over alleged tax violations between FY21 and FY23. The notice was issued by the Office of the Additional Commissioner, Central Tax (Audit), Guntur, on August 20. JSW Cement disclosed the matter to stock exchanges on August 21. What authorities alleged? The…
On August 21, JSW Cement announced it received a show-cause notice from the Office of the Additional Commissioner, Central Tax (Audit), Guntur, proposing a GST demand of ₹81.03 crore, alongside interest and a penalty, for alleged tax violations between FY21 and FY23. The notice under Section 74 of the Central Goods and Services Tax Act, 2017, and Andhra Pradesh GST Act, questioned irregular reductions in post-sale discounts, discrepancies in credit notes, incorrect classification, and misuse of tax rates. JSW Cement's response is now underway.
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