REG - Tata Steel Limited - Disclosure under Reg 30&51 of SEBI LODR, 2015

TATA SteelAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251223:nRSW5602Ma&default-theme=true

RNS Number : 5602M  Tata Steel Limited  22 December 2025

 

 

Ref.: SEC/1418/2025-26

 
December 22, 2025

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 disclosure dated June 21, 2025.

 

Background:

 

As informed earlier, Tata Steel Limited (the 'Company') received a Show Cause
cum demand Notice dated June 17, 2025 ('SCN') from the Directorate General of
GST Intelligence, Regional Unit, Jamshedpur issued against erstwhile Tata
Steel Long Products Limited ('TSLP') which has amalgamated into and with the
Company effective November 15, 2023, through a Scheme of Amalgamation amongst
the Company and TSLP and their respective shareholders. As per the SCN, the
Company was required to show cause before the Joint Commissioner / Additional
Commissioner (Adjudication), Central Goods and Services Tax & Central
Excise, Jamshedpur Commissionerate, Bistupur, as to why:

 

1.   the input tax credit compensation cess amounting to ₹161,51,51,635/-
which was supposedly, irregularly availed by erstwhile TSLP during the period
April 2019 through February 2024, shall not be demanded and recovered from the
Company under

Section 74(1) of the Central Goods and Services Tax Act, 2017 and Jharkhand
Goods and Services Tax Act, 2017 read with Section 20 of the Integrated Goods
and Services Tax Act, 2017 read with Section 11 of the Goods and Services Tax
(Compensation to States) Act, 2017;

 

2.   the input tax credit of compensation cess amounting to
₹160,28,29,018/- claimed to be already reversed/deposited vide GSTR-3B
return of December 2022 and August 2023 should not be appropriated, subject to
verification of its authenticity by the Adjudicating Authority; and

 

3.   penalty amounting to ₹161,51,51,635/- should not be levied on the
Company.

 

The Company made necessary submissions, on merits, before the Joint
Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand.

 

Present Status:

 

On December 19, 2025, the Company received a favourable Order dated December
17, 2025, passed by the Joint Commissioner of CGST & Central Excise,
Jamshedpur, Jharkhand ('Authority'). In terms of the said Order, the Authority
took cognizance of the fact that, the Company had already paid necessary GST
amounting to ₹160,28,29,018/- while filing its GST returns and therefore,
the same stands appropriated to the Government exchequer. Additionally, the
balance tax demand amounting to ₹1,23,22,617/- has been dropped.
Accordingly, the aggregate tax demand against the Company amounting to
₹161,51,51,635/-

(i.e. ₹160,28,29,018/- + ₹1,23,22,617/-) has been set aside by the
Authority. Further, in view of the above, no penalty has been imposed against
the Company.

 

The Management was evaluating the Order and hence, this disclosure is being
made on even date.

 

This disclosure is being made by the Company in compliance with Regulations 30
and 51 read with Para B of Part A of Schedule III of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, read with related Circulars issued by the
Securities and Exchange Board of India in this regard.

 

This is for your information and records.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFEEFAEEISELE



            Copyright 2019 Regulatory News Service, all rights reserved