Jindal Steel challenges GST demand order over input tax credit

Jindal Steel Limited received a GST demand order on December 10, 2025, from the additional commissioner, GST South Commissionerate, Delhi. The order, following an audit for fiscal years 2018-19 to 2022-23, alleges excess availment of GST input tax credit (ITC) in Delhi, amounting to INR 3,40,19,671, along with applicable interest and a penalty of INR 3,17,53,114.

The company stated it does not accept the demand and plans to file an appeal with the appellate authority, including a pre-deposit to stay the demand. Jindal Steel has also identified arithmetical errors in the demand order and is seeking rectification from the issuing authority.

Jindal Steel anticipates no impact on its financial performance, operations, or other activities due to this demand order. The notification to stock exchanges was made on December 11, 2025, under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.