ACC Limited has received order from the Deputy Commissioner of Commercial Tax, Bengaluru, Karnataka levying penalty of INR 5,30,20,480 under section 73(9) of Central Goods and Services Tax (CGST) Act, 2017. The Company is taking appropriate steps to appeal against the said order before the appropriate authority. Demand levied on short declaration of turnover in E-way bill generated as outward supply is not considered as intrastate stock transfer.