Tax & Penalty28 Aug 2026, 02:14 pm
Vedanta Subsidiary ESL Faces Reduced GST Demand of ₹6.7 Cr
AI Summary
Vedanta Iron And Steel Limited (VISL) subsidiary, ESL Steel Limited (ESL), has received a revised Demand-cum-Show Cause Notice from GST authorities in Ranchi. The disputed amount has been reduced to approximately Rs. 6,73,39,655/- from Rs. 51,23,19,275/-, related to alleged excess Input Tax Credit (ITC) on imports for FY 2021-22 and FY 2022-23. ESL is reviewing the notice and will take appropriate legal action. The company anticipates no significant financial or operational impact.
Key Highlights
- ESL Steel, a VISL subsidiary, received a revised GST demand notice.
- Disputed amount reduced to Rs. 6.73 Cr from Rs. 51.23 Cr.
- Notice concerns alleged excess Input Tax Credit on imports.
- Company expects no material financial or operational impact.
- ESL will pursue legal remedies within timelines.
Price Impact
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