REG - Tata Steel Limited - Disclosure under Reg30&51 of SEBI LODR, 2015

TATA SteelAnnouncement

12/03/2026 14:45

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RNS Number : 4616W  Tata Steel Limited  12 March 2026

 

Ref.: SEC/2073/2025-26

 
March 12, 2026

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Disclosure under Regulations 30 and 51 of Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

 

This has reference to our earlier disclosures dated June 29, 2025 and December
19, 2025.

 

Background:

 

Tata Steel Limited (the 'Company') had earlier informed that it has received a
show cause cum demand notice ('SCN') dated June 27, 2025 from the Office of
the Commissioner (Audit), Central Tax, Ranchi, proposing disallowance of Input
Tax Credit in contravention of the provisions of Section 74(1) of the Central
Goods and Services Tax Act, 2017/State Goods and Services Act, 2017 read with
Section 20 of the Integrated Goods and Services Tax Act, 2017, for the period
FY2018-19 through FY2022-23.

 

The SCN required the Company to show cause before the Additional/Joint
Commissioner of Central GST & Central Excise, Jamshedpur, Jharkhand as to
why the Goods and Service Tax ('GST') amounting to ₹1007,54,83,342/- along
with interest/penalty, if any, shall not be demanded and recovered from the
Company. Of the aggregate GST amount demanded, the Company had already paid
GST of ₹514,19,36,211/- in the normal course of business and therefore the
alleged GST exposure was of ₹493,35,47,131/- only. Further, the Company made
its detailed submissions before the appropriate forum within the given
timelines as per the said SCN.

 

Subsequently, on December 19, 2025, the company had informed receipt of
Adjudication Order from the Commissioner of CGST & Central Excise,
Jamshedpur, Jharkhand, on December 18, 2025, directing the payment of tax
amounting to ₹493,35,47,131, penalty of ₹638,82,62,185 and appropriate
interest on the total amount of tax.

 

Present Status:

 

The Company has evaluated the Order passed by Commissioner of CGST &
Central Excise, Jamshedpur, Jharkhand, and it believes that proper cognizance
of the submissions made by the Company was not taken while adjudicating the
matter. Further the Company believes that it has a good case on merits and
hence, has filed a Writ Petition before the Hon'ble High Court of Jharkhand on
March 11, 2026, challenging the Order passed by Commissioner of CGST &
Central Excise, Jamshedpur, Jharkhand dated December 18, 2025, and seeking
quashing of the Order.

 

The Company was reviewing its disclosure obligations and hence, this
disclosure is being made even date.

 

This disclosure is being made by the Company in compliance with Regulations 30
and 51 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended.

 

This is for your information and records.

 

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