Vedanta 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 relates to the reversal of Input Tax Credit. Vedanta intends to file an appeal against the order and is hopeful of a favorable outcome, expecting no material financial impact.
Order Details
Vedanta has received an order from The Office of the Joint Commissioner, CT & GST Circle, Jharsuguda. The order, received on December 29, 2025, confirms a penalty of ₹66,43,249, inclusive of tax demand and applicable interest charges.
Issue Summary
The penalty is associated with the reversal of Input Tax Credit, specifically concerning the exempt supplies under section 17(2) and 17(3) of the CGST Act, 2017.
Company Response
Vedanta plans to file an appeal against the order with the appropriate Appellate Authorities. The company anticipates a positive resolution and does not foresee any substantial financial impact on its operations as a result of this order.
Source: BSE
