Tata Steel stocks will remain in focus as the company received a show cause-cum-demand notice from the tax department over an alleged irregular availment of input tax credit (ITC). This amounts to over Rs 1,000 crore for the financial years 2018-19 to 2022-23.
The company said that the notice was issued by the Office of the Commissioner (Audit), Central Tax, Ranchi. It asks the company to explain within 30 days why Goods and Services Tax (GST) worth Rs 1,007.54 crore should not be recovered, said Tata Steel in a regulatory filing.
According to the tax authorities, Tata Steel availed ITC in violation of Section 74(1) of the CGST/SGST Act, 2017, read with Section 20 of the IGST Act.
However, Tata Steel clarified that it had already paid Rs 514.19 crore in GST during the relevant period in the normal course of business.
“The above GST amount is proposed to be appropriated in the notice, and therefore, the alleged GST exposure is Rs 493.35 crore only,” said Tata Steel.
Tata Steel Q4 results 2025
Tata Steel’s net profit more than doubled to Rs 1,300.81 crore in Q4 FY25, an increase of 112.7% year-on-year, compared with Rs 611.48 crore in the same quarter last year. However, the company’s revenue from operations stood at Rs 56,218.11 crore in Q4 FY25, a 4.2% decrease YoY compared with Rs 58,687.31 crore in the corresponding quarter last year.
Also, Tata Steel announced a dividend of Rs 3.60 per share for FY25.
Tata Steel stock performance
The share price of Tata Steel has risen 6.8% in the last five trading sessions. The stock has surged 1.4% in the past one month and 17% in the last six months. Tata Steel’s stock price declined by more than 7% in the past one year.