NSE/BSE Codes: NSE: TATASTEEL, BSE: 500470
Summary of Key Information:
Nature of Event / Disclosure:
Regulatory disclosure regarding an appeal filed by GST authorities against an adjudication order related to Input Tax Credit for the period FY2018-19 to FY2022-23.
Involved Parties / Authorities:
- Office of the Commissioner (Audit), Central Tax, Ranchi (issuing authority of original SCN)
- Additional/Joint Commissioner of Central GST & Central Excise, Jamshedpur (original adjudicating forum)
- Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand (Adjudicating Authority)
- Assistant Commissioner, Division-I, CGST & Central Excise, Jamshedpur, Jharkhand (appealing department)
- Commissioner (Appeals) of CGST & Central Excise, Ranchi (appellate authority)
- Hon'ble High Court of Jharkhand (current forum for main dispute)
Date / Timeline of Event:
- June 27, 2025: Original show cause cum demand notice (SCN) received
- December 18, 2025: Adjudication Order received
- March 11, 2026: Writ Petition filed before Jharkhand High Court
- March 24, 2026: High Court granted stay on proceedings
- June 16, 2026: Department filed appeal before Commissioner (Appeals)
- June 26, 2026: Date of this disclosure
Brief Description of Outcome / Dispute:
The Assistant Commissioner, Division-I, CGST & Central Excise, Jamshedpur has filed an appeal before the Commissioner (Appeals) of CGST & Central Excise, Ranchi. The appeal challenges the Adjudication Order dated December 18, 2025, specifically contesting the dropping of penalty amounting to ₹368,72,21,158/- by the Adjudicating Authority. This appeal is separate from the main GST dispute which remains sub-judice before the Hon'ble High Court of Jharkhand.
Impact of Outcome:
Financial Impact:
The appeal specifically seeks reinstatement of penalty amounting to ₹368,72,21,158 (approximately ₹368.72 crore). The company states there is no current financial impact as the matter is contingent upon final adjudication of the main GST dispute which is sub-judice. The original tax demand was ₹493,35,47,131 after accounting for ₹514,19,36,211 already paid.
Operational / Business / Strategic Impact:
The company explicitly states: "there is no impact on financial, operational, or other activities of the Company, arising from the said appeal."
Other Implications:
The matter represents ongoing regulatory scrutiny of the company's GST compliance for the five-year period from FY2018-19 to FY2022-23.
Next Steps / Required Actions:
The company will contest the appeal before the Appellate Authority within statutory timelines. The management is studying the impact and determining further course of action.