JK Lakshmi Cement Legal & Regulatory
JK Lakshmi Cement is a respondent in a writ petition at the Gauhati High Court, with potential financial implications of ₹103.16 Crore related to land leasing.
- Value
- ₹103.2 Cr
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JK Lakshmi Cement is a respondent in a writ petition at the Gauhati High Court, with potential financial implications of ₹103.16 Crore related to land leasing.
JK Lakshmi Cement successfully appealed a ₹16.26 Crore GST demand from Chhattisgarh authorities. The appellate authority dropped all tax, interest, and penalties for FY 2019-20.
JK Lakshmi Cement's GST appeal was allowed, setting aside a Rs. 16.26 Crore demand. The company faces no financial liability from this matter.
JK Lakshmi Cement Limited received a GST demand order totalling ₹3.92 Crore (including tax, interest, and penalty) for FY 2023-24 due to disallowed Input Tax Credit. The Company plans to appeal the order before the Appellate Authority. Management states there is no material impact on the company's financial or operational activities.