Tax compliance: Tata Steel served Rs 1,007 crore GST notice, says claim lacks merit, no business impact expected
Tata Steel has received a show cause-cum-demand notice from tax authorities over ‘alleged irregular availment of input tax credit’ (ITC) totalling over Rs 1,007 crore for the financial years 2018-19 to 2022-23, the company informed stock exchanges on Sunday.According to the notice dated June 27 from the Office of the Commissioner (Audit), Central Tax, Ranchi,…