Tata Steel updates on GST dispute, department appeals dropped penalty
TATASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Update on GST input tax credit dispute for FY2018 to FY2023. Original demand was about Rs 1,007 crore; Rs 514 crore was already paid leaving net exposure of about Rs 493 crore. In December 2025, the Adjudication Authority upheld Rs 493 crore tax, Rs 639 crore penalty, and interest, but dropped Rs 369 crore penalty. Tata Steel challenged this in Jharkhand High Court, which granted a stay. The GST department has now appealed the dropped penalty portion. Company says it will contest and sees no operational impact.
High Court has stayed proceedings; company sees a strong case. No immediate operational impact stated, but Rs 1,132 crore demand remains contested.