Jindal Steel has received a GST Demand Order for FY 2021-22 and 2022-23 following a GST Audit conducted in Odisha. The order, issued by the Joint Commissioner, CGST & Central Excise, Rourkela Commissionerate, alleges excess availment of GST Input Tax Credit. The amount involved is not deemed material and the company is evaluating the order and preparing to take necessary action, including filing an appeal.
GST Demand Order Details
Jindal Steel has been issued a GST Demand Order following a GST Audit conducted in the state of Odisha for the financial years 2021-22 and 2022-23. The order originates from the Joint Commissioner, CGST & Central Excise, Rourkela Commissionerate.
Allegation and Financial Impact
The core allegation is the excess availment of GST Input Tax Credit. The demand raised amounts to ₹2,15,34,020, along with applicable interest and a penalty of ₹21,53,420. However, the company states that the amounts involved are not material and will not significantly impact the financials, operations or other activities of the company.
Company Response
Jindal Steel is currently evaluating the demand order. The company plans to take all necessary actions, which may include filing an appeal to contest the order. The communication regarding the GST Demand Order was received on December 24, 2025.
Source: BSE