Disclosure under Regulation 30 read with Regulation 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended
TATASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty 100 and in line with its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Tata Steel received a GST demand notice from the CGST & Central Excise department, Jamshedpur, claiming irregular Input Tax Credit availing of ₹890.52 crore for FY2018-19 to FY2020-21, plus equal penalty and interest. The Adjudicating Authority confirmed the full demand in December 2025. The Company disputed this, filed a Writ Petition in Jharkhand High Court, which was disposed in April 2026 with liberty to approach the Appellate Authority. Tata Steel then filed a Special Leave Petition in the Supreme Court. On May 19, 2026, the Hon'ble Supreme Court issued notice to the Respondents and granted a stay on all further proceedings until the next hearing date.
The Supreme Court stay provides temporary relief to Tata Steel, suspending enforcement of the ₹890.52 crore tax demand plus penalty. This is a positive development for shareholders as it delays potential cash outflows while the appeal is pending.