Dalmia Bharat Limited — Important, 25-02-2025: General Updates

Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, successfully appealed against a previous tax order. The Additional Commissioner State Tax has ruled in favor of DCBL, determining the revised tax liability at ₹80,202 along with interest, while the penalty remains at ₹20,000. This case originated from an ineligible claim of Input Tax Credit and disallowance of adjustments on Credit Notes for the period from April 2019 to March 2020. Notably, the financial implications of this order are expected to be minimal due to the potential waiver of the imposed interest and penalty under the recent Finance Act. This development reflects positively on DCBL’s financial outlook, given the reduced liability compared to the initial demand.