New Delhi: The Supreme Court has set aside a show cause-cum-demand notice against Tata Steel from tax authorities over an "alleged irregular availment of input tax credit" amounting to over Rs 1,000 crore between the financial years 2019 and 2023.
According to the notice, the steel major was required to show cause before the Additional/Joint Commissioner of Central GST & Central Excise, Jamshedpur, Jharkhand within 30 days "as to why the Goods and Service Tax (GST), amounting to Rs 1007,54,83,342 for the period FY2018-19 through FY2022-23 shall not be demanded and recovered" from the company.
