Tata Steel Receives GST Notice: Tata Steel Ltd on Friday announced that it has received an order from the CGST and Central Excise Commissioner in Jamshedpur, in which Tata Steel has been directed to pay Rs 493.35 crore as disputed tax and Rs 638.83 crore penalty along with interest. These two notices together amount to around Rs 1,132.18 crore.
Know what the company told
The order, dated December 18, refers to the show cause notice issued earlier this year regarding allegedly incorrect input tax credit claims for the period from financial year 2018-19 to 2022-23.
Know how much money Tata Steel paid
According to the company’s exchange filings, Tata Steel had already paid Rs 514.19 crore as GST in the normal course of business, which was proposed to be adjusted in the notice, leaving the disputed amount at Rs 493.35 crore.
The company will challenge the notice
The company said it believes “the arguments raised were not properly taken into account while deciding the case” and it plans to challenge the order “in the appropriate forum within the legal time frame.” Tata Steel said the order “will have no impact” on the company’s financial, operational or other activities.
tata steel share price movement
Shares of Tata Steel closed at Rs 168.65 on BSE today. While the minimum level of the company’s shares during a year was Rs 122.60, the maximum level was Rs 187. At this rate the company market cap is Rs 2,10,533.26 crore.
tata steel share return
Tata Steel shares have given a return of 17.69 percent in one year. Whereas this return during 3 years has been 50.92 percent. Apart from this, the 5 year return of the company has been 167.10 percent.
Tata Steel Dividend History
Tata Steel is continuously paying good dividends. The company had paid a dividend of Rs 3.60 per share on June 6, 2025. Also on June 21, 2024, a dividend of Rs 3.60 per share was given. Before this, a dividend of Rs 3.60 per share was given on June 22, 2023.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
