Vedanta Limited fined ₹66.43 Lakhs by GST Dept; plans appeal
Vedanta Limited has received an Order from the Office of the Joint Commissioner, CT & GST Circle, Jharsuguda, confirming a penalty of ₹66,43,249 along with tax demand and applicable interest. The issu...
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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 penalty and tax demand, which is negative. however, they plan to appeal and do not expect a material financial impact, which mitigates the negativity.
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Vedanta Limited fined ₹66.43 Lakhs by GST Dept; plans appeal
December 30, 2025, 10:17 AM
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More Details on This News
Vedanta Limited has received an Order from the Office of the Joint Commissioner, CT & GST Circle, Jharsuguda, confirming a penalty of ₹66,43,249 along with tax demand and applicable interest. The issue pertains to the reversal of Input Tax Credit in proportion to exempt supplies under Section 17(2) and 17(3) of the CGST Act, 2017. The company received this Order-in-Original (No. ZD211225036622W) dated 29.12.2025 on December 29, 2025, around 6 PM.
Vedanta Limited intends to file an appeal against the said Order with the Appellate Authorities. The company is hopeful of a favorable outcome and does not expect the order to have any material financial impact.
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