VISL Subsidiary ESL Gets ₹2.76 Lakh GST Notice

Key Event

ESL Steel Limited (ESL), a subsidiary of Vedanta Iron And Steel Limited (VISL), became aware on October 14, 2026, at approximately 03:00 PM of a Demand-cum-Show Cause Notice issued by the Office of the Superintendent, Central Tax, GST & Central Excise, Lathikata Range, Rourkela. The notice was accessed through the Goods and Services Tax portal.

Details of Notice

• Issuing Authority: Office of the Superintendent, Central Tax, GST & Central Excise, Lathikata Range, Rourkela
• Nature of Dispute: Alleged short payment of IGST liability under Reverse Charge Mechanism (RCM) for Financial Year 2022-23
• Basis of Demand: Differences between liabilities disclosed in GSTR-3B and GSTR-2B
• Amount Demanded: ₹2,76,135.61 (IGST amount)
• Additional Liabilities: Applicable interest and penalty
• Response Timeline: ESL is required to submit its response within the prescribed timeline

Company Response

ESL is currently examining the notice and shall take appropriate steps in accordance with applicable laws within the prescribed timelines.

Financial and Operational Impact

The Company explicitly states that it does not envisage any significant financial and operational impact from this notice.