Vedanta Subsidiary ESL Steel Faces ₹15.74 Cr GST Demand

ESL Steel Limited, a subsidiary of Vedanta Iron And Steel Limited, has received an intimation from the Central Goods and Services Tax, Ranchi, alleging short payment of GST under Reverse Charge Mechanism (RCM) for FY 2020-21 to FY 2022-23. The proposed tax liability is ₹15,74,26,450, including IGST, CGST, and SGST, along with applicable interest and penalty. ESL is reviewing the intimation and will take appropriate legal steps. The company does not anticipate any significant financial or operational impact.