Categories: BUSINESS

GST notice: UltraTech Cement gets Rs 782 crore notice; company says it will contest

UltraTech Cement faces a significant Rs 782.2 crore GST demand notice from authorities for alleged short payment and improper input tax credit use between 2018-19 and 2022-23. The company, India’s largest cement producer, stated it is reviewing the order and plans to challenge it, asserting its submissions were not duly considered.
Sumitra

Recent Posts

Countries protecting domestic industries, India no exception: Piyush Goyal on global trade

India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect…

12 hours ago

Seeds of change: How India’s agriculture went high-output in 12 years

India's agriculture sector has seen remarkable growth over the past decade, fueled by increased government…

12 hours ago

AI windfall for the public? Trump signals shake-up for tech giants

US President Trump is pushing for major AI firms to "give back" to the public,…

1 day ago

Markets dumped India for AI stars. BlackRock says that’s a mistake

BlackRock believes India's equity market is unfairly penalized for its limited direct AI exposure and…

1 day ago