Vedanta Limited Faces ₹54.6 Crore Penalty Order from CGST & CX, Ranchi
Vedanta Limited (the Company) has received an Order-in-Original from the Joint Commissioner of CGST & CX, Ranchi, confirming a penalty of ₹54,61,78,958 (INR 54.62 Crore) along with tax demand and appl...
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Why is Vedanta Limited in the news today?
Vedanta Limited (VEDL) is in the news due to the company has received a significant penalty order, which is negative. however, the company plans to appeal and believes there will be no material financial impact, which mitigates the negativity.
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Vedanta Limited Faces ₹54.6 Crore Penalty Order from CGST & CX, Ranchi
December 31, 2025, 09:22 AM
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Vedanta Limited (the Company) has received an Order-in-Original from the Joint Commissioner of CGST & CX, Ranchi, confirming a penalty of ₹54,61,78,958 (INR 54.62 Crore) along with tax demand and applicable interest. This order pertains to the payment of GST on various financial incomes and the reversal of input tax credit due to defaulting vendors for the financial years 2018-19 to 2022-23.
The order, bearing number 93/GST/JC/Ran/2025, was received by ESL on December 30, 2025, at 15:57 PM. The issue involves alleged violations related to GST on financial income and input tax credit reversals.
The Company, considering the merit of the case, intends to file a writ petition before the court or an appeal against the said order with the Appellate Authorities. Vedanta Limited is hopeful of a favorable outcome and does not anticipate any material financial impact on the Company as a result of this order.
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