Tax & Penalty26 Aug 2026, 04:21 pm
Vedanta Subsidiary ESL Steel Faces ₹15.74 Cr GST Demand
AI Summary
ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited (VISL), has received a Demand-cum-Show Cause Notice from the Central Goods and Services Tax & Central Excise, Ranchi. The notice alleges short payment of GST amounting to ₹15,74,26,450 for the financial years 2020-21 to 2022-23, including IGST, CGST, and SGST, along with proposed interest and penalty. ESL is currently examining 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.
- The demand totals ₹15.74 crore for alleged short payment.
- Interest and penalties are also proposed by the tax authorities.
- ESL is reviewing the notice and planning legal action.
- No significant financial or operational impact is expected.
Price Impact
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