Tata Metal on Sunday (June 29) mentioned that it has acquired a present cause-cum-demand discover from tax authorities relating to an alleged irregular availment of enter tax credit score (ITC) round Rs 1,000 crore for the monetary years 2018-19 to 2022-23.
In line with the corporate, the discover was issued by the Workplace of the Commissioner (Audit), Central Tax, Ranchi, on June 27, 2025. It directs Tata Metal to look earlier than the Extra/Joint Commissioner of Central GST and Central Excise, Jamshedpur, inside 30 days and clarify why the Items and Providers Tax (GST) amounting to Rs 1,007.54 crore shouldn’t be demanded and recovered from the corporate.
The discover alleges that the ITC was availed in violation of Part 74(1) of the Central Items and Providers Tax Act, 2017, and associated provisions beneath the SGST and IGST Acts.
Tata Metal clarified that it has already paid Rs 514.19 crore as GST within the regular course of enterprise. The discover proposes to applicable this quantity, leaving the remaining GST publicity at Rs 493.35 crore.
The corporate said that it believes the discover is with out advantage and intends to current its case to the suitable authority inside the stipulated time.
Tata Metal additionally confirmed that there isn’t a influence on its monetary, operational, or different actions arising from this discover.
