Jindal Steel Receives GST Demand Order of ₹2.15 Crore in Odisha
Jindal Steel Limited has received a GST Demand Order from the Joint Commissioner, CGST & Central Excise, Rourkela Commissionerate, following a GST audit for FY 2021-22 and 2022-23 in Odisha. The orde...
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Why is JINDAL STEEL LIMITED in the news today?
JINDAL STEEL LIMITED (JINDALSTEL) is in the news due to the company has received a gst demand order, which is a negative development. however, the company is evaluating the order and believes the amounts involved are not material, which mitigates the negative impact.
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Jindal Steel Receives GST Demand Order of ₹2.15 Crore in Odisha
December 25, 2025, 06:36 AM
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Jindal Steel Limited has received a GST Demand Order from the Joint Commissioner, CGST & Central Excise, Rourkela Commissionerate, following a GST audit for FY 2021-22 and 2022-23 in Odisha.
The order alleges excess availment of GST Input Tax Credit (ITC) and imposes a demand of ₹2,15,34,020, along with applicable interest, and a penalty of ₹21,53,420.
The company is currently evaluating the demand order and plans to take necessary actions, including filing an appeal if required. Jindal Steel has stated that the amounts involved are not material and are unlikely to impact the company's financials, operations, or other activities.
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