Tata Steel Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TATASTEEL · price
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Awaiting price reaction for this filing.
Tata Steel received a Show Cause cum demand Notice on June 28, 2025, from the Office of the Commissioner (Audit), Central Tax, Ranchi, alleging irregular availment of Input Tax Credit under GST laws for the period FY2018-19 to FY2022-23. The total GST demand proposed is approximately Rs 1,007.55 crore, along with applicable interest and penalty. The company has already paid Rs 514.19 crore in the normal course, which will be adjusted against the demand, leaving a net alleged exposure of about Rs 493.35 crore. Tata Steel has 30 days to respond before the Adjudicating Authority in Jamshedpur. The company believes the notice has no merit and plans to contest it.
This is a pending tax dispute and not an adjudicated order, so the immediate financial hit is limited to the net exposure of roughly Rs 493 crore, which is manageable for Tata Steel. The market may react mildly given the size of the demand, but the company's strong cash position and its stated intent to contest limit near-term downside risk for shareholders.