Tax & Penalty15 Oct 2026, 01:48 pm
Vedanta Subsidiary ESL Steel Receives GST Demand Notice of ₹7.77 Lacs
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 Tax, GST & Central Excise office. The notice proposes a recovery of GST amounting to ₹7,77,094/- (₹3,88,547/- CGST and ₹3,88,547/- SGST) for FY 2022-23. This is due to alleged short payment of GST under the Reverse Charge Mechanism (RCM) on District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) contributions. 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.
- The notice is for ₹7.77 Lacs related to FY23 RCM on DMF/NMET contributions.
- Applicable interest and penalty are also proposed.
- ESL is examining the notice and will respond legally.
- No significant financial or operational impact is expected.
Price Impact
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