India's Supreme Court has granted Tata Steel a stay on all proceedings related to a ₹890.52 crore ($106 million) goods and services tax (GST) dispute, as per a company press release.
The stay was issued on Monday following a hearing on a Special Leave Petition filed by Tata Steel. The stay remains in effect until the next hearing date. The court also issued a notice to the respondents.
The dispute originates from a demand notice dated June 13, 2025, issued by the Office of the Commissioner of CGST and Central Excise in Jamshedpur. The notice alleged irregular availing of Input Tax Credit (ITC) in violation of GST laws for fiscal years 2018-19 through 2020-21.
On December 26, 2025, the Adjudicating Authority confirmed the tax demand of ₹890.52 crore, an equal penalty, and applicable interest.
Tata Steel maintains that no excess ITC was availed, attributing the difference to credit pertaining to one financial year but availed in a subsequent year, which it says is permissible under GST laws. The company also contends the notice was issued without jurisdiction and is time-barred.
The company initially filed a Writ Petition in Jharkhand High Court on February 24, 2026. The High Court disposed of it on April 23, 2026, granting liberty to approach the Appellate Authority. Tata Steel then filed the Special Leave Petition in the Supreme Court.
The disclosure was made under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
