Tax & Penalty15 Oct 2026, 01:52 pm
Vedanta Subsidiary ESL Receives ₹2.76 Lakh GST Demand Notice
AI Summary
ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited, has received a Demand-cum-Show Cause Notice from the Central Tax, GST & Central Excise office. The notice proposes recovery of ₹2,76,135.61 in IGST for FY 2022-23 due to alleged short payment under Reverse Charge Mechanism (RCM). ESL is reviewing the notice and will take appropriate legal steps. The company does not anticipate any significant financial or operational impact.
Key Highlights
- ESL Steel, a Vedanta subsidiary, received a GST demand notice.
- Notice alleges ₹2.76 Lakh IGST short payment for FY23.
- Interest and penalty also proposed by tax authorities.
- ESL is reviewing and will respond legally.
- No significant financial or operational impact expected.
Price Impact
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