On June 24, 2025, Tata Steel Limited has received a Demand cum Show Cause Notice dated June 13,2025,issued by the Office of the Commissioner of CGST &Central Excise, Jamshedpur, in connection with irregular availing of Input Tax Credit in contravention of the provisions of Sections 16 and 41 of the Central Goods and Services Tax Act, 2017 read with applicable provisions of the Integrated Goods and Services Tax Act, 2017, for the period FY2018-19 through FY2020-21. Further details of the SCN are as follows: The Input Tax Credit Amounting to INR 890,52,10,202/- Which Was Irregularly Availed by the Company for the Period Fy2018-19 Through Fy2020-21, Shall Not Be Demanded and Recovered from the Company Under the Provisions of Section 74(1) of Cgst/State Goods and Services Tax Act, 2017 (Sgst'), as Amended, Read with Section 20 of Igst; Interest At the Appropriate Rate on the Above Said Amount Mentioned Should Not Be Demanded Under Section 50 of the Cgst/Sgst Act, 2017; and Penalty on the Above Said Amount Mentioned Should Not Be Imposed Under Section 74 of the Cgst/Sgst Act, 2017.
Tata Steel Limited is an India-based global steel company. The Company and its subsidiaries have presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The Company offers a range of steel products including a portfolio of high value-added downstream products such as hot rolled, cold rolled, coated steel, rebars, wire rods, tubes and wires. Its segments include Tata Steel India, Neelachal Ispat Nigam Limited, Other Indian Operations, Tata Steel Netherlands Operations, Tata Steel UK Operations, Other Trade Related Operations, South East Asian Operations and Rest of the World. It serves customers across diverse markets including construction and infrastructure, construction retail, automotive and ancillaries, energy, engineering goods, packaging, and downstream. Its products include Automotive Steels, Galvano, Tata Agrico (Agriculture, Construction, and Hand Tools), Tata Astrum and others.
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