JK Lakshmi Cement Receives GST Demand Order for disallowed Input Tax Credit:

JK Lakshmi Cement Receives GST Demand Order for disallowed Input Tax Credit JK Lakshmi Cement Limited, a leading Indian cement manufacturer, has recently issued a disclosure to NSE Ltd and BSE Ltd regarding receipt of a demand order.

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Background The Company states that the Office of the Joint Commissioner of State Tax has issued a tax demand order of Rs 179.19 lakhs, along with interest and a penalty for FY 2023-24, on the disallowance of Input Tax Credit. Company's Response The Company intends to file an appeal before the Appellate Authority against the said order. Financial Impact The Company further stated that it will not have any material impact on its financial position, operations, or other activities. Key Details

Particular	Details
Company	JK Lakshmi Cement Ltd
Issuing Authority	Office of the Joint Commissioner of State Tax Jurisdiction: - Durg Division, Chhattisgarh
Type of communication received	Order u/s 74 of the Goods & Services Tax Act, 2017
Financial Year	2023-24
Tax Demand	Rs 179.19 Lakhs
Interest	Rs 33.46 Lakhs
Penalty	Rs 179.19 Lakhs

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Company's Disclosure The company made the above disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").