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A man walks past the Tata Steel stall at the India Steel 2025 Conference in Mumbai, India, April 25, 2025. | Photo Credit: FRANCIS MASCARENHAS
Tata Steel has received a demand notice of ₹1,008 crore for the Goods and Service Tax shortage for three fiscals between FY18-19 through FY22-23.
The company has already paid GST of ₹514 crore in the normal course of business and the remaining GST amount is proposed to be appropriated in Notice and therefore alleged GST exposure is ₹493 only, said the company in a notice on the exchanges on Sunday.
The company believes that the show cause notice issued by the Office of the Commissioner (Audit), Central Tax, Ranchi has no merits and the company will make its submissions before the appropriate forum, it added.
On June 28, Tata Steel received a show cause-cum-demand notice issued by the Office of the Commissioner (Audit), Central Tax, Ranchi, proposing to disallow/demand primarily on account of alleged irregular availment of input tax credit in contravention of the provisions of Law for the period FY2018-19 through FY2022-23.
As per the SCN, the company is required to show cause before the Additional/Joint Commissioner of Central GST & Central Excise, Jamshedpur, Jharkhand (Adjudicating Authority’) in 30 days, it said.
Published on June 29, 2025
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