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Shree Cement, Ansal Housing Receive Tax Demands; Kesoram's Liability Reduced to ₹6 Crore
Shree Cement and Ansal Housing have received tax demand orders from GST and Income Tax authorities, respectively, while Kesoram Industries said its earlier tax demand has been significantly reduced.
New Delhi, April 17: All three companies plan to challenge the orders and said there is no material impact on operations.
Shree Cement
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Order received: Service tax demand from Commissioner of Central GST and Central Excise, Jodhpur
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Date: April 16, 2026
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Amount: ₹8.31 crore (plus applicable interest and equivalent penalty)
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Issue: Alleged non-payment of service tax
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Action: Filing appeal before appropriate tribunal
Ansal Housing
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Order received: Assessment order from Income Tax Department (AY 2024-25)
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Amount: ₹19.20 crore
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Issue: Additions and disallowances related to expenses, income recognition differences
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Action: Filing appeal
Kesoram Industries
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Original demand (AY 2024-25): ₹70.54 crore
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Revised demand: ₹6.03 crore (after review by authorities)
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Action: Evaluating further legal options