Key Quantitative Figures
- Total GST demand: ₹15,74,26,450
- IGST component: ₹7,87,46,884
- CGST component: ₹3,93,39,783
- SGST component: ₹3,93,39,783
- Additional interest and penalty proposed (amount not quantified)
Dates and Timeline
- Notice receipt date: August 25, 2026 at approximately 4:28 pm
- Disclosure filing date: August 26, 2026
- Reference to previous intimation: August 10, 2026 (VISL/SEC./SE/2026-27/25)
- Period under scrutiny: Financial Years 2020-21 to 2022-23
Parties Involved
- Issuing authority: Office of the Joint Commissioner, Central Goods and Service Tax & Central Excise, Ranchi
- Recipient: ESL Steel Limited (subsidiary of Vedanta Iron And Steel Limited)
- Listed entity: Vedanta Iron And Steel Limited (VISL)
- Compliance officer: Tina K Lakhani, Company Secretary & Compliance Officer
Nature of Allegation
Alleged short payment of GST under Reverse Charge Mechanism (RCM) during FY 2020-21 to FY 2022-23.
Company Response and Status
ESL Steel is examining the notice and will take appropriate steps in accordance with applicable laws within prescribed timelines. This notice is an update to the company's earlier stock exchange intimation dated August 10, 2026 on the same matter.
Financial and Operational Impact Assessment
The company states it does not envisage any significant financial and operational impact from this notice. No quantifiable monetary impact has been disclosed in the filing.
Document References
- BSE Scrip Code: 544784
- NSE Scrip Code: VISL
- Company reference: VISL/SEC./SE/2026-27/27
- Previous reference: VISL/SEC./SE/2026-27/25