Dalmia Bharat Limited — Others, 04-12-2024: Action(s) taken or orders passed

Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Limited, received two orders demanding GST on input tax credit for FY 2017-20, totaling approximately ₹10.32 crore (including tax, interest, and penalties). While these orders will require an appeal, DCBL feels confident in its case and will contest the decisions before the Commissioner (Appeals). The financial impact appears limited, primarily concerning the tax liability. This situation might lead to a neutral impact on investor sentiment, as the company's ability to challenge these orders suggests a proactive approach to managing potential risks.