Archive · 25 Jun 2025
Tata Steel Faces Notice Over Tax Credit Irregularities
Imagine Tata Steel got a letter from the government saying they might have made a mistake with their taxes.
The government thinks Tata Steel took too much of a tax credit, like they got a discount they weren't supposed to.
The amount in question is almost 900 crore rupees, and it happened between the years 2019 and 2021.
Tata Steel has 30 days to explain their side of the story to the government.
But, Tata Steel says they did nothing wrong and are ready to prove it.
For now, they say this won't change how they run their business.
Tata Steel received a show cause notice from CGST & Central Excise.
The notice pertains to irregular Input Tax Credit of Rs 890.52 crore.
The period of alleged irregularities spans from FY19 through FY21.
Tata Steel must appear before authorities within 30 days.
The company believes the notice lacks merit and will submit its case.
- Who
- Tata Steel and CGST & Central Excise.
- What
- Show cause notice for irregular Input Tax Credit.
- When
- FY19 through FY21; notice received June 13.
- Where
- Jamshedpur, Jharkhand.
- Why
- The authorities suspect irregular availing of Input Tax Credit.
Authorities
Tata Steel
Tax Credit Claim
Authorities
Tata Steel irregularly availed Input Tax Credit.
Tata Steel
Tata Steel denies any wrongdoing.
- Company
- Tata Steel
- Notice Issuer
- CGST & Central Excise
- Location
- Jamshedpur, Jharkhand
- Amount
- Rs 890.52 crore
- Period
- FY19 - FY21
- Response Due
- Within 30 days