Vedanta Limited Receives Tax Orders; Plans Appeals, Expects No Material Impact
Vedanta Limited has disclosed receipt of two orders from tax authorities. The first order, from the Office of the Assistant Commissioner, CGST Delhi South Commissionerate, confirms a penalty demand of...
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Why is Vedanta Limited in the news today?
Vedanta Limited (VEDL) is in the news due to the company received tax penalty orders but plans to appeal them, stating no material financial impact is expected. this maintains a neutral stance as there is no immediate positive or negative financial consequence.
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Vedanta Limited Receives Tax Orders; Plans Appeals, Expects No Material Impact
December 31, 2025, 05:44 AM
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Vedanta Limited has disclosed receipt of two orders from tax authorities. The first order, from the Office of the Assistant Commissioner, CGST Delhi South Commissionerate, confirms a penalty demand of ₹18,53,370, along with tax demand and applicable interest. This pertains to a dispute on Input Tax Credit under Section 17(5) for the period FY18-19 to FY20-21. The order, dated December 30, 2025, was received by the company on the same day at 12:07 PM.
The second order is from the Office of the Joint Commissioner, GST & Central Excise, Rourkela, confirming a penalty of ₹1,76,39,312, along with tax demand and applicable interest. This order, dated December 30, 2025, was received on December 30, 2025, around 6:15 PM. The issue relates to the difference in turnover reported in GSTR-9C between GST turnover and audited financial statements turnover for FY 2018-19.
In both instances, Vedanta Limited intends to file an appeal against the orders with the Appellate Authorities. The company expressed hope for a favorable outcome and stated that it does not expect either order to have any material financial impact on its operations.
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