Archive · 29 Jun 2025
Tata Steel Faces Tax Demand for Alleged ITC Irregularities
Tata Steel, a big steel company, got a notice from the tax department.
The tax people think Tata Steel didn't correctly use some tax credits and wants them to pay over 1,000 crore rupees.
Tata Steel says it already paid a lot of tax and doesn't think it owes more money.
They will explain this to the tax officials within a month and say the notice is wrong.
It's about how a company handles its taxes and the rules it needs to follow.
Tata Steel received a show-cause notice for alleged irregular Input Tax Credit (ITC) use.
The tax demand from the Office of Commissioner (Audit) of Central Tax, Ranchi, is over ₹1,007.54 crore.
The notice covers the period from FY2018-19 to FY2022-23.
Tata Steel states they have already paid ₹514.19 crore in GST.
The company believes the notice has no merit and will respond within 30 days.
- Who
- Tata Steel and the tax authorities.
- What
- Show-cause notice and tax demand over alleged irregular Input Tax Credit (ITC) use.
- When
- Notice issued June 27, 2025, covering FY2018-19 to FY2022-23.
- Where
- Issued by the Office of Commissioner (Audit) of Central Tax, Ranchi.
- Why
- Due to alleged irregular availment of Input Tax Credit (ITC).
Tata Steel's Stance
Tax Authority's Stance
Merits of the Notice
Tata Steel's Stance
Tata Steel believes the notice has no merit and will submit its case.
Tax Authority's Stance
Tax authorities allege irregular ITC availment.
- Company
- Tata Steel
- Notice Issuer
- Office of Commissioner (Audit), Central Tax, Ranchi
- Tax Demand
- ₹1,007.54 crore
- Period
- FY2018-19 to FY2022-23
- Allegation
- Irregular Input Tax Credit (ITC)
- Tata Steel's Response
- Believes notice has no merit; will respond within 30 days
- GST Paid
- ₹514.19 crore
