Overview

• The GST Audit Commissioner’s office in Ranchi issued a June 27 notice seeking recovery of ₹1,007.54 crore in alleged irregular input tax credits claimed between FY2018-19 and FY2022-23.
• Tata Steel reported it has already paid ₹514.19 crore of GST during the period, reducing its net exposure to about ₹493.35 crore.
• The company plans to submit its detailed response before the 30-day deadline to challenge the validity of the notice.
• Tata Steel maintains the show cause notice lacks merit and insists it will not affect its financial performance or business activities.
• The case underscores heightened scrutiny of input tax credit claims and compliance risks for Indian corporations under the GST framework.