Receipt of Order passed by Add. Commission (Appeals), SGST
REGULATORY
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 04 Jul 2026, 08:13 PM IST · BSE ID: be1ecf00-032e-442b-87f8-cf0779746db5
View Original BSE Filing (PDF)
💡
In Simple Terms
JK Cement partially won its appeal against a GST demand, with most of the disputed tax dropped.
🤖 AI Summary
- Additional Commissioner (Appeals), SGST, Kota, partly allowed appeals against GST demand orders.
- Rs 2,99,95,934/- demand dropped for FY 18-19; Rs 9,83,196/- confirmed with interest and penalty.
- Rs 7,28,33,509/- demand dropped for FY 2020-21; Rs 65,984/- confirmed with interest and penalty.
- Company considers the order to have no major financial impact and will appeal at GSTAT.
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY18-19 Demand Dropped
Rs 2,99,95,934/-
FY18-19 Demand Confirmed
Rs 9,83,196/-
FY20-21 Demand Dropped
Rs 7,28,33,509/-
FY20-21 Demand Confirmed
Rs 65,984/-
🏢 How This Affects the Company
The outcome does not alter the company's core business operations. The company believes it has a strong case on merits.
A minimal tax demand of Rs 9,83,196/- (FY18-19) and Rs 65,984/- (FY20-21), plus associated interest and penalties, has been confirmed. The company states the order does not have a major financial impact.
No direct operational impact is noted from this regulatory decision.
The company views the confirmed demand as manageable and plans further appeal, indicating a belief in mitigating further financial exposure.
👥 What This Means For Shareholders
✅
Action Required
No action is required by shareholders. Monitor further updates on the appeal process.
👤
Who Is Affected
All shareholders are affected by potential financial implications, though the company states the impact is not major.
🔍
Management Signal
Management demonstrates proactivity in challenging tax demands and pursuing legal recourse to protect shareholder value.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Company's filing of appeal at GSTAT.
Outcome of the GSTAT appeal.
Any further clarification on financial impact.
MEDIUM RISK
Ongoing litigation for GST demands indicates continued regulatory risk.
💡 Investor Takeaway
JK Cement's GST appeal was partly successful, with most of the Rs 2,99,95,934/- (FY18-19) and Rs 7,28,33,509/- (FY20-21) demands dropped, though minimal amounts confirmed. Company plans further appeal.
⚖️ Strengths & Concerns
✅ Positives
- Significant tax demand of Rs 2,99,95,934/- for FY18-19 and Rs 7,28,33,509/- for FY20-21 was dropped.
- Company intends to file a further appeal at the GSTAT, indicating confidence in its case merits.
⚠️ Concerns
- A minimal GST demand of Rs 9,83,196/- (FY18-19) and Rs 65,984/- (FY20-21) with interest and penalty was confirmed.
- The appeals process continues, as the company plans to file a further appeal at the GSTAT.
📅 Company Track Record
In June 2026, a wholly-owned subsidiary, JK Maxx Paints, was ordered to pay Rs 49,512 GST demand. In March 2026, JK Cement Saifco settled a Legal Metrology violation for Rs 1,00,000/-.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was the outcome of JK Cement's GST appeal for FY18-19?
The Additional Commissioner (Appeals) partly allowed the appeal, dropping Rs 2,99,95,934/- of the tax demand while confirming Rs 9,83,196/- with interest and penalty.
What was the outcome of JK Cement's GST appeal for FY20-21?
The Additional Commissioner (Appeals) partly allowed the appeal, dropping Rs 7,28,33,509/- of the tax demand while confirming Rs 65,984/- with interest and penalty.
What is the total confirmed GST demand for JK Cement from these orders?
The confirmed demand comprises Rs 9,83,196/- for FY18-19 and Rs 65,984/- for FY20-21, plus applicable interest and penalties.
What is JK Cement's next step regarding these GST orders?
JK Cement believes it has a strong case on merits and will file a further appeal before the GSTAT within the statutory timeline.
What was the alleged violation leading to these GST demands?
The alleged contravention was the wrong availment of Input GST as it did not match with GSTR 2B/2A for both FY18-19 and FY20-21.
Questions based on this BSE filing only. For information purposes.