UltraTech Cement Limited received an order from the Superintendent, Rajula, Bhavnagar- 3, Amreli, Gujarat. The Company has a good case on merits and will contest the order. Nature and details of the action(s) taken, initiated or order(s) passed by the authority; Demand for GST + Interest + Penalty.

Date and Time of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority; May 8, 2024. Details of the violation(s)/contravention(s) committed or alleged to be committed; Alleged ineligible ITC availed and utilized on invoices issued by vendor who did not file GSTR-3B and not paid tax to the Government. Alleged ineligible ITC availed and utilized on invoices issued by vendor who did not file GSTR-3B and not paid tax to the Government.

Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible; GST (INR 1,463,754) + Interest + Penalty (INR 1,463,754).