Tata Steel Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TATASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tata Steel has received a Demand cum Show Cause Notice dated June 13, 2025 from the Office of the Commissioner of CGST & Central Excise, Jamshedpur, alleging irregular availment of Input Tax Credit of approximately ₹890.52 crore for the period FY2018-19 to FY2020-21 under the CGST and IGST Acts. The tax authority is proposing to demand and recover this ITC amount, along with interest and penalty, and the company has 30 days to respond to the Adjudicating Authority. Tata Steel has stated that the notice has no merit and it will make its submissions within the given timeline. The company has clarified that there is no impact on its financial, operational, or other activities arising from this notice.
This is a preliminary show cause notice, not an order or penalty — so there is no immediate financial hit. However, if the demand is ultimately upheld, the company could face a liability of roughly ₹890 crore plus interest and penalties, which is material and could weigh on sentiment in the short term.