Dalmia Cement (Bharat) gets two tax notices totalling ₹266.3 crore

Contributing sentiments towards policy:

60% : Don't want to miss the best from Business Standard? Dalmia Cement (Bharat) Ltd (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has received two show cause notices totalling Rs 266.3 crore from the Sales Tax Office.
57% : This pertains to some differences observed in taxable turnover and amount of ITC (input tax credit) for the assessment years 2019-20 and 2022-23, it said.
52% : The notices are "issued under section 74 of the Central GST/Tamil Nadu GST Act 2017 for AY 2019-20 and AY 2022-23, the concerned Sales Tax Officer, Lalgudi, Tiruchirapalli, Tamil Nadu," according to a regulatory filing from Dalmia Bharat.
51% : For 2022-23, the show-cause notice has demanded a tax of ₹59.32 crore, along with a penalty of the same amount.
49% : For Assessment Year 2019-20, the authorities demanded a tax of Rs 128.39 crore along with a penalty of Rs 19.25 crore.
49% : For 2022-23, the show-cause notice has demanded a tax of Rs 59.32 crore, along with a penalty of the same amount.

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