Tata Steel received a show-cause notice along with a tax demand from the Officer of Commissioner (Audit) of Central Tax, Ranchi, on 27 June 2025, alleging an input tax credit (ITC) irregularity in the period between financial year 2018-19 to 2022-23 fiscal, according to an exchange filing.
The BSE filing on Sunday, 29 June 2025, showed that the Officer of Commissioner (Audit) of Central Tax, Ranchi, imposed a tax demand of over ₹1,007.54 crore ( ₹1007,54,83,342) for the period between the financial year 2019-19 to the 2022-23 fiscal years.
However, the steelmaker also said that the company has already paid a GST of ₹514.19 crore in the normal course of its business operations, and out of the above-mentioned amount, the proposed GST payment will be ₹493.35 crore due to the alleged exposure in the input tax credit (ITC) irregularity.
Tata Steel said that there is “no merit” for this show cause notice, and the company plans to make its submissions before the appropriate forum within the given timeline.
The BSE filing data shows that the company is required to prove the cause of the allegation in front of the Additional or Joint Commissioner of Central GST and Central Excise of Jamshedpur, Jharkhand, within 30 days of receiving the notice.
“There is no impact on financial, operational, or other activities of the Company, arising from the said SCN,” said Tata Steel in the BSE filing.
Read more at: Livemint
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