Dalmia Cement Faces Tax Challenges: A Closer Look

Dalmia Cement (Bharat) Ltd has received two show cause notices totaling Rs 266.3 crore from the Sales Tax Office. These notices involve discrepancies in taxable turnover and ITC for 2019-20 and 2022-23. Despite the demands, Dalmia asserts the notices will not financially impact the company.

Dalmia Cement (Bharat) Ltd, a key player in India's cement sector, is under scrutiny after receiving two substantial show cause notices from the Sales Tax Office amounting to Rs 266.3 crore.

The notifications relate to the Central GST/Tamil Nadu GST Act 2017 for the assessment years 2019-20 and 2022-23, highlighting unexpected differences in taxable turnover and input tax credit.

Despite the significant sums involved, Dalmia Cement maintains that these will not affect its financial health, as affirmed in a regulatory filing.

(With inputs from agencies.)