UltraTech Cement slapped with two GST demand orders totalling Rs 72 lakh

Leading cement maker UltraTech Cement has received two demand orders, interest and penalties totalling Rs 72.06 lakh from the GST authorities. The company said it will challenge the orders before the appellate authorities.

It has received an order from Assistant Commissioner, Bathinda, for a demand of “Rs 25.11 lakh together with interest and penalty, alleging that the ISD (Input Service Distributor) credit not reflected” in the statement of FY18, the Aditya Birla Group firm said in a regulatory filing on Friday.