Vedanta Subsidiary ESL Steel Receives GST SCN for Rs. 2.76 Lakh IGST Demand Over Alleged RCM Short Payment:

ESL Steel Limited, a subsidiary of Vedanta Iron and Steel Limited has received a Demand-cum-Show Cause Notice (SCN) from the Office of the Superintendent, Central Tax, GST & Central Excise, Lathikata Range, Rourkela, proposing the recovery of IGST of approximately Rs 2.76 lakh on allegations of making a short payment of IGST liability under the Reverse Charge Mechanism (RCM) for Financial Year 2022-23, arising out of differences between liabilities disclosed in GSTR-3B and GSTR-2B, along with applicable interest and penalty.

The notice has granted the subsidiary company a time limit to file a response. Presently, the company is examining the notice and is evaluating all the possible legal remedies available in its case in line with the law.

Further, the company does not expect any material impact on the financial, operational and/or other activities due to the said intimation.

Vedanta Iron and Steel Limited has made the aforementioned disclosure vide an intimation dated October 15, 2026, addressed to the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE), issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Refer to the official intimation for complete information.