Tata Steel Limited has received an order from the Joint Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand, directing the company to pay a tax amount of ₹890,52,10,202, a penalty of ₹890,52,10,202, and applicable interest. This order pertains to the alleged irregular availment of Input Tax Credit (ITC) for the period FY2018-19 through FY2020-21. The company had previously disclosed receiving a Demand cum Show Cause Notice (SCN) concerning this matter. The SCN alleged contravention of GST provisions related to ITC. Tata Steel believes that the submissions made by the company were not properly considered during the adjudication process. The core issue revolves around the excess ITC identified by comparing monthly returns with the ITC reflected on the GST portal. The company contends that there is no actual excess ITC and the difference arises from crediting ITC in a subsequent financial year, which is permissible under GST laws. Consequently, Tata Steel intends to contest the order before the appropriate forum within the statutory timelines. The company is confident in its strong grounds on merit to challenge the demand. Based on the merits of the case and the available grounds for contestation, Tata Steel believes there will be no financial, operational, or other impact on its activities arising from this order.