Birla Corporation Limited announced that the Order passed by the Deputy Commissioner-C, Business Audit Wing-VI, Rajasthan, Jaipur pertaining to GST. Deputy Commissioner-C, Business Audit Wing-VI, Rajasthan, Jaipur. Demand order passed alleging wrong reduction of tax liability on account of rate difference credit notes under section 15(3)(b) of RGST/CGST Act, 2017 during the period April 2020 to March 2021.
GST INR 26,535,879/-; Interest is INR 20,034,952. Penalty INR 2,653,588. Date of receipt of direction is February 27, 2025.
Demand Order raised against the Company for wrong reduction of tax liability on account of rate difference credit notes under section 15(3)(b) of RGST/CGST Act, 2017. INR 49,224,419, The Company believes that the above demand is not maintainable and hence is in the process of preferring an appeal against the said order /demand.
Birla Corporation Limited is an India-based holding company. It is primarily engaged in the manufacturing of cement and clinker. It also manufactures jute products and steel castings. Its segments include cement, jute and others. The Cement Division has over 10 plants at eight locations. It manufactures varieties of cement like Ordinary Portland Cement (OPC-43 & 53 grades), Portland Pozzolana Cement (PPC-fly ash-based), Portland Slag Cement (PSC), Sulphate Resistant Cement and Composite Cement. Its cement products are marketed under the brand names of MP Birla Cement PERFECT PLUS, RAKSHAK, SAMRAT ADVANCED, ULTIMATE ULTRA, UNIQUE PLUS, SAMRAT, ULTIMATE, CHETAK, PSC, and MULTICEM & CONCRECEM. Its cement product has application in Metro line, airport runway, reservoirs, industrial building, and others. The Company is manufacturing over 120 tons of a variety of jute products in Birla Jute Mills. Its jute product range applications include yarns, bags, ropes, mats, carpets, and panama.
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