GST Show Cause Notice of ₹229.85 crore received for alleged incorrect classification
JSW Cement has received a Show Cause Notice from the Additional Commissioner, Central Tax, Belagavi Audit Commissionerate, proposing a GST demand of ₹229.85 crore plus interest and 10% penalty for April 2022 to March 2024.
By ScoutQuest · · 1 min read
- GST Demand Amount
- ₹229.85 crore
- IGST
- ₹121.75 crore
- CGST
- ₹54.04 crore
- SGST
- ₹54.04 crore
- Period Covered
- April 2022 to March 2024
What happened
JSW Cement received a Show Cause Notice from the Additional Commissioner, Central Tax, Belagavi Audit Commissionerate, alleging short payment of GST on account of incorrect classification.
Amount involved
- Total proposed GST demand: Rs.229,85,36,623/-
- IGST: Rs.121,75,53,219/-
- CGST: Rs.54,04,91,702/-
- SGST: Rs.54,04,91,702/-
- Plus applicable interest and a 10% penalty under Section 73 of the CGST Act
- Period covered: April 2022 to March 2024
Company's position
The company states the financial impact is to the extent of the demand, penalty and interest proposed, but there is no material impact on the company. It is in the process of update a reply in the matter.
How to read it
A Show Cause Notice is a preliminary step where the tax department asks the company to explain its position; it is not a final demand. The matter can be contested and the outcome may differ from the amount proposed.
Also from JSW Cement
JSW Cement schedules results conference call for Q2/H1FY27 on 28 October 2026 at 10:30 a.m. IST
19 Oct 2026
Orissa High Court allows writ petition on SGST reimbursement under IPR 2015
17 Oct 2026
Board meeting on 27 October 2026 to consider and approve quarter and half year unaudited results
16 Oct 2026
More numbers
- Proposed GST demand₹229.85 crore
- Proposed GST demand (exact)Rs.229,85,36,623/-
- IGST componentRs.121,75,53,219/-
- CGST componentRs.54,04,91,702/-
- SGST componentRs.54,04,91,702/-
- Penalty rate proposed10% penalty
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.