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...

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.

Limitations of AI summaries

AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.

Platforms like Prysm provide stock-level and portfolio-level analysis.

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.

Other Regulatory FilingsTaxationGeneral Announcements
JINDAL STEEL LIMITEDJINDALSTELhttps://prysm.fi/v2/analyze/JINDALSTEL

AI-Powered Summary

Market Context

Top Queries

More News

Explore Prysm Tools

Related Stories

Jindal Steel Receives GST Demand Order of ₹2.15 Crore in Odisha

December 25, 2025, 06:36 AM

AI Sentiment Analysis

Top Queries to Ask About JINDAL STEEL LIMITED

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.

See What Deep Dive Gives You — in Seconds

“what happens when you click Deep Dive “

Instant AI Summary - “Get clean, noise-free earnings breakdowns.”

PDF Insights - “Download detailed, AI-generated reports.”

Metrics Explained -“Key ratios & trends explained in simple language.”

Want to know if this news pushes your stock up or down?

Just tap

deep dive

More News on JINDAL STEEL LIMITED

Discover more trending news on Prysm

View All