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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Saurashtra Cement Ltd

Saurashtra Cement receives GST Show Cause Notice for Rs. 1.91 Crore demand

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 08 Nov 2026, 01:02 PM IST  ·  BSE ID: 1dc8dc9f-4d44-4e68-abde-771d81c1b530
View Original BSE Filing (PDF)
💡
In Simple Terms
The company received a notice alleging it owes Rs. 1.91 Crore in GST and related charges for a past year.
🤖 AI Summary
  • Saurashtra Cement received GST Show Cause Notice for Rs. 1,91,48,238 concerning FY 2022-23.
  • Notice alleges non-payment of GST on royalty, DMF, NMET Charges, and dead/surface rent.
  • Demand includes GST of Rs. 73,04,668, Interest of Rs. 45,38,902, and Penalty of Rs. 73,04,668.
  • Company assesses the demand as not maintainable and expects no financial impact.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Demand (GST + Interest + Penalty) for FY 2022-23
Rs. 1,91,48,238/-
GST Amount
73,04,668/-
Interest Amount
45,38,902/-
Penalty Amount
73,04,668/-
🏢 How This Affects the Company
💰
Financial Impact
The company faces a potential demand of Rs. 1,91,48,238, comprising GST, interest, and penalty, related to FY 2022-23.
⚠️
Risk Impact
This notice introduces a regulatory risk related to potential GST non-compliance, although the company disputes the claim.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders at this time.
👤
Who Is Affected
All shareholders are informed of a potential financial claim against the company, though management believes it is not maintainable.
🔍
Management Signal
Management is proactively addressing the tax notice and maintains confidence in disputing the claim, signaling a focus on financial prudence.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Company's reply to the Show Cause Notice within the prescribed period.
Any further communication from the Assistant Commissioner of State Tax.
Updated financial disclosures if the company's assessment changes.
MEDIUM RISK A significant tax demand raises regulatory and financial risk, even with management's dispute.
💡 Investor Takeaway
Saurashtra Cement faces a Rs. 1,91,48,238 GST demand for FY 2022-23 related to royalty and charges, but disputes it, expecting no financial impact.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Rs. 1,91,48,238 demanded by Assistant Commissioner of State Tax for alleged GST non-payment.
📅 Company Track Record
Saurashtra Cement has previously secured partial wins in tax appeals for AY 2019-20 with no immediate financial impact.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total demand raised by the Assistant Commissioner of State Tax against Saurashtra Cement?
The Assistant Commissioner of State Tax has raised a demand of Rs. 1,91,48,238/- for FY 2022-23.
What is the basis for the Rs. 1,91,48,238 demand against Saurashtra Cement?
The demand is for alleged non-payment of GST on Royalty, DMF Charges, NMET Charges, and Dead/Surface Rent for FY 2022-23.
What are the components of the Rs. 1,91,48,238 demand?
The demand comprises Rs. 73,04,668/- for GST, Rs. 45,38,902/- for Interest, and Rs. 73,04,668/- for Penalty.
What is Saurashtra Cement's expected financial impact from this tax notice?
Saurashtra Cement assesses the demand as not maintainable and does not envisage any relevant impact on its financial, operations, or other activities.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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