UltraTech Cement Gets Rs 36-Crore Tax Demand From Ujjain GST Authority

In the first order, the authority has alleged that the company had not paid GST on the amount paid as royalty or upfront fees under reverse charge mechanism. However, UltraTech said that it "is reviewing the order and will decide on further course of action".

In another filing on Tuesday, the Aditya Birla group company intimated that it has received another order in original passed confirming partial demand proposed in SCN by the additional commissioner of CGST and central excise in Ujjain.

The second order alleged non-payment of GST on rural infrastructure and road development tax as the reason.

For this order too, the company has said that it "is reviewing the order and will decide on further course of action".

Recently, the Competition Commission of India had approved UltraTech Cement's proposed acquisition of the India Cements Ltd. for Rs 7,078 crore.

In July, the Aditya Birla Group flagship company had announced that it would acquire a 32.72% stake in India Cements from its promoters and their associates for Rs 3,954 crore to expand its footprint in the southern cement market, particularly in Tamil Nadu.

Shares of Ultratech Cement Ltd. closed 0.63% lower at Rs 11,395.55 apiece on the BSE, compared to a 0.09% decline in the benchmark Sensex.