JK Lakshmi Cement Gets Relief in GST Dispute; Appellate Authority Cancels Entire Demand:

JK Lakshmi Cement Gets Relief in GST Dispute; Appellate Authority Cancels Entire Demand JK Lakshmi Cement has informed stock exchanges that the company has received a favourable order from the Office of the Additional Commissioner (Appeal), State Tax, Chhattisgarh. The order dated 11.06.2026 relates to GST dispute for FY 2019-20.

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Earlier, in August 2024, the State Tax Department had raised a demand on the company of Rs. 879.15 Lakhs as tax, Rs. 659.35 Lakhs as interest and Rs. 87.91 Lakhs as penalty. The demand was largely on applicability of Reverse Charge Mechanism (RCM) on certain interstate purchases, disallowance of Input Tax Credit (ITC) and other GST issues. The company had earlier challenged those orders with the appellate authority. The appellate authority, after considering the matter, ruled in favour of JK Lakshmi Cement and set aside the entire demand raised by the tax department.

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As a result of the order, the company faces no financial liability arising from the dispute. JK Lakshmi Cement stated that there are no penalties, restrictions, or sanctions imposed on the company, and the expected financial impact is nil.