Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat, has received two major show-cause notices from the Tamil Nadu Sales Tax Department. In total, the company is claimed to owe ₹266.3 crore in tax and penalties. How much notice was received? For the year 2019-20: For the year 2022-23: The total case combining both is ₹266.3 crore. What is the reason? The tax department has found some discrepancies in the company’s taxable turnover (i.e., the portion of sales on which GST is applicable) and Input Tax Credit (ITC) during these two years. This means there is a difference between the sales declared by the company and the input credit claimed. A notice has been issued regarding this. Company says there will be no financial impact Dalmia Bharat has clearly stated in the information provided to the stock exchange that these show-cause notices will not have any financial impact on the company. This means the company is fully confident that it will present its case strongly and will not have to pay this money. Dalmia Bharat’s share rose 13% this year In the last 1 year, Dalmia Bharat’s share has risen by 13%. At the beginning of the year 2025, its share was at ₹1,771, which has now reached ₹2,010. However, in the last 6 months, the company’s share has seen a 3% decline. Post navigation Experts decode India’s GDP’s high growth rate:Industry stalwart warns Indian economy may face sharp decline; other says ‘Trump Tariffs’ impact yet to be seen Why did IMF give India-Pak the same ‘C’ grade?:Opposition questioned 8.2% GDP growth; are the figures really flawed?
