Tax & Penalty21 May 2026, 04:41 pm
Tata Steel: Supreme Court Stays ₹890.52 Cr Tax Demand
AI Summary
The Supreme Court of India has issued a notice to respondents and granted a stay on all further proceedings related to a ₹890,52,10,202 tax demand against Tata Steel. This demand, along with an equivalent penalty and applicable interest, was initially raised by the CGST and Central Excise, Jamshedpur, concerning alleged irregular availing of Input Tax Credit (ITC) for FY2018-19 through FY2020-21. Tata Steel contested the demand, filing a Writ Petition before the Jharkhand High Court, which was later disposed of, leading the company to file a Special Leave Petition before the Supreme Court.
Key Highlights
- Supreme Court issued notice to respondents regarding Tata Steel's tax dispute.
- The court has stayed all further proceedings related to the ₹890.52 Cr tax demand.
- The tax demand concerns alleged irregular ITC availing from FY2018-19 to FY2020-21.
- Tata Steel had previously challenged the demand in lower courts.
- The company maintains that the ITC difference was permissible under GST laws.
Price Impact
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