Tata Steel has received a show cause-cum-demand notice from tax authorities alleging irregular input tax credit (ITC) claims exceeding ₹1,000 crore for FY 2018-19 to 2022-23. The notice, issued by the Central Tax Commissioner (Audit), Ranchi, requires the company to justify within 30 days why ₹1,007.54 crore in GST should not be recovered. Tata Steel clarified it has already paid ₹514.19 crore as part of its routine operations, reducing the proposed GST exposure to ₹493.35 crore. The company maintains that the allegations are without merit, intends to present its case, and assures stakeholders that the notice will not impact its financial or operational activities.
