Hindustan Zinc Limited (HZL), a Vedanta subsidiary, has received a penalty order of ₹45.98 lakhs regarding input tax credit claims for fiscal years 2018-19 and 2019-20. The penalty was issued by the Assistant Commissioner Central Goods and Services Tax Division-Rudrapur. HZL intends to appeal the order, anticipating a favorable outcome and minimal material financial impact. The matter pertains to the availment of Input Tax Credit under the CGST and IGST Acts.
Penalty for Input Tax Credit
Hindustan Zinc Limited (HZL), a subsidiary of Vedanta, has been penalized by the Office of the Assistant Commissioner, Central Goods & Service Tax – Rudrapur. The penalty amounts to ₹45,98,335.
Details of the Order
The order, dated December 13, 2025, received by HZL on December 13, 2025, at 05:56 PM, relates to the availment of Input Tax Credit in terms of section 16 of CGST Act, 2017 and section 20 of IGST Act, 2017 for FY 2018-19 and 2019-20.
Company’s Response
HZL plans to appeal the order. The company anticipates a favorable outcome from the appeal and does not expect the order to have a material financial impact.
Source: BSE
